Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Shares Up 0.1% – Here’s What Happened

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) traded up 0.1% on Thursday . The company traded as high as $14.66 and last traded at $14.27. 37,423 shares changed hands during trading, a decline of 69% from the average session volume of 121,736 shares. The stock had previously closed at $14.25.

Direxion Daily PANW Bull 2X Shares Stock Up 0.1%

The business has a 50-day simple moving average of $14.62 and a 200-day simple moving average of $20.27. The company has a market cap of $8.13 million, a PE ratio of 60.46 and a beta of 4.35.

Direxion Daily PANW Bull 2X Shares Cuts Dividend

The company also recently disclosed 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%.

Hedge Funds Weigh In On Direxion Daily PANW Bull 2X Shares

Several hedge funds have recently bought and sold shares of PALU. Parallel Advisors LLC grew its position in Direxion Daily PANW Bull 2X Shares by 677.8% in the 4th quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock valued at $31,000 after acquiring an additional 1,525 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily PANW Bull 2X Shares during the first quarter worth about $502,000. Finally, Optiver Holding B.V. lifted its position in shares of Direxion Daily PANW Bull 2X Shares by 239.4% during the third quarter. Optiver Holding B.V. now owns 51,428 shares of the company’s stock worth $1,276,000 after purchasing an additional 36,274 shares in the last quarter.

Direxion Daily PANW Bull 2X Shares Company Profile

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.