Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Short Interest Up 128.6% in September

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 57,600 shares, a growth of 128.6% from the September 15th total of 25,200 shares. Based on an average daily volume of 86,400 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 86,400 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Direxion Daily PANW Bull 2X Shares

An institutional investor recently bought a new position in Direxion Daily PANW Bull 2X Shares stock. Goldman Sachs Group Inc. acquired a new position in Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,000 shares of the company’s stock, valued at approximately $502,000. Goldman Sachs Group Inc. owned approximately 16.67% of Direxion Daily PANW Bull 2X Shares as of its most recent SEC filing.

Direxion Daily PANW Bull 2X Shares Price Performance

PALU stock opened at $27.29 on Wednesday. The stock has a market capitalization of $11.73 million and a P/E ratio of 60.46. Direxion Daily PANW Bull 2X Shares has a fifty-two week low of $14.82 and a fifty-two week high of $28.33. The business has a 50-day moving average of $23.83 and a 200-day moving average of $23.11.

Direxion Daily PANW Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.1501 per share. This is an increase from Direxion Daily PANW Bull 2X Shares’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.2%.

About Direxion Daily PANW Bull 2X Shares

Direxion Shares ETF Trust – Direxion Daily PANW Bull 2X 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.