Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Trading Down 0.9% – What’s Next?

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD)’s stock price fell 0.9% during mid-day trading on Friday . The stock traded as low as $23.16 and last traded at $23.21. 14,689 shares were traded during mid-day trading, an increase of 405% from the average session volume of 2,907 shares. The stock had previously closed at $23.42.

Direxion Daily PANW Bear 1X Shares Price Performance

The stock has a 50 day moving average of $21.91 and a 200 day moving average of $22.95.

Direxion Daily PANW Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.1878 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.75 annualized dividend and a dividend yield of 3.2%.

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

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in Direxion Daily PANW Bear 1X Shares in the 1st quarter worth approximately $693,000. Optiver Holding B.V. raised its stake in shares of Direxion Daily PANW Bear 1X Shares by 369.7% during the third quarter. Optiver Holding B.V. now owns 14,618 shares of the company’s stock worth $322,000 after acquiring an additional 11,506 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Direxion Daily PANW Bear 1X Shares during the third quarter worth approximately $458,000.

Direxion Daily PANW Bear 1X Shares 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.