Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Short Interest Update

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 3,719 shares, a growth of 53.4% from the January 29th total of 2,425 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average trading volume of 6,469 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 6,469 shares, the short-interest ratio is currently 0.6 days. Approximately 3.1% of the company’s stock are short sold.

Direxion Daily PANW Bear 1X Shares Stock Up 0.4%

Shares of NASDAQ:PALD opened at $28.99 on Friday. Direxion Daily PANW Bear 1X Shares has a 52-week low of $20.15 and a 52-week high of $31.45. The company has a 50 day moving average of $25.18 and a two-hundred day moving average of $23.47.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.3954 per share. This represents a $1.58 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19.

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

Institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. increased its holdings in Direxion Daily PANW Bear 1X Shares by 369.7% in the third quarter. Optiver Holding B.V. now owns 14,618 shares of the company’s stock valued at $322,000 after buying an additional 11,506 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily PANW Bear 1X Shares in the 3rd quarter worth approximately $458,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily PANW Bear 1X Shares in the 1st quarter worth approximately $693,000.

About Direxion Daily PANW Bear 1X Shares

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. It employs short strategy and 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.