Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) Short Interest Down 93.5% in August

Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 630 shares, a decrease of 93.5% from the August 15th total of 9,660 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,691 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Direxion Daily PANW Bear 1X ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in Direxion Daily PANW Bear 1X ETF in the first quarter worth $693,000. Susquehanna International Group LLP purchased a new stake in Direxion Daily PANW Bear 1X ETF during the third quarter valued at about $458,000. Finally, Optiver Holding B.V. boosted its position in Direxion Daily PANW Bear 1X ETF by 60.0% during the first quarter. Optiver Holding B.V. now owns 27,598 shares of the company’s stock valued at $735,000 after buying an additional 10,350 shares during the period.

Direxion Daily PANW Bear 1X ETF Trading Down 1.0%

Shares of PALD stock traded down $0.11 during trading hours on Thursday, hitting $11.24. 63,569 shares of the company’s stock were exchanged, compared to its average volume of 35,974. Direxion Daily PANW Bear 1X ETF has a 12-month low of $9.85 and a 12-month high of $30.87. The business’s 50 day simple moving average is $11.24 and its 200-day simple moving average is $17.79.

Direxion Daily PANW Bear 1X ETF Company Profile

Direxion Shares ETF Trust – Direxion Daily PANW Bear 1X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. It employs short strategy and uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.