Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Stock Price Up 0.6% – What’s Next?

Shares of Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) were up 0.6% on Wednesday . The company traded as high as $14.46 and last traded at $14.37. Approximately 58,705 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 60,552 shares. The stock had previously closed at $14.29.

Direxion Daily PANW Bull 2X Shares Price Performance

The business has a 50 day moving average of $18.64 and a 200 day moving average of $21.97. The firm has a market capitalization of $7.90 million, a price-to-earnings ratio of 60.46 and a beta of 4.35.

Direxion Daily PANW Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.1182 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.47 dividend on an annualized basis and a dividend yield of 3.3%.

Institutional Trading of Direxion Daily PANW Bull 2X Shares

An institutional investor recently raised its position in Direxion Daily PANW Bull 2X Shares stock. Optiver Holding B.V. increased its holdings in shares of Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) by 239.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,428 shares of the company’s stock after buying an additional 36,274 shares during the quarter. Optiver Holding B.V. owned 11.96% of Direxion Daily PANW Bull 2X Shares worth $1,276,000 as of its most recent SEC filing.

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. It 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.