Short Interest in Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Rises By 77.6%

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,582 shares, an increase of 77.6% from the June 15th total of 4,269 shares. Based on an average daily trading volume, of 119,265 shares, the short-interest ratio is currently 0.1 days. Approximately 1.1% of the company’s shares are short sold.

Direxion Daily PANW Bull 2X Shares Trading Up 2.8%

Shares of NASDAQ:PALU opened at $56.05 on Friday. The stock has a market capitalization of $31.95 million, a P/E ratio of 60.46 and a beta of 3.04. The stock’s 50-day moving average price is $38.64 and its 200-day moving average price is $23.10. Direxion Daily PANW Bull 2X Shares has a 12-month low of $9.85 and a 12-month high of $59.63.

Direxion Daily PANW Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.1182 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.47 annualized dividend and a yield of 0.8%.

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

Large investors have recently bought and sold shares of the stock. Optiver Holding B.V. lifted its position in Direxion Daily PANW Bull 2X Shares by 17.5% in the first quarter. Optiver Holding B.V. now owns 43,171 shares of the company’s stock valued at $544,000 after purchasing an additional 6,419 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily PANW Bull 2X Shares during the first quarter valued at approximately $502,000. Finally, Parallel Advisors LLC grew its holdings in shares of Direxion Daily PANW Bull 2X Shares by 128.6% in the first quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock worth $50,000 after purchasing an additional 2,250 shares during the last quarter.

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.