Short Interest in Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Increases By 53.4%

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 3,719 shares, an increase of 53.4% from the January 29th total of 2,425 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily volume of 6,469 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 6,469 shares, the days-to-cover ratio is presently 0.6 days. Currently, 3.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. increased its holdings 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 valued at $322,000 after purchasing an additional 11,506 shares during the period. Susquehanna International Group LLP acquired a new stake in Direxion Daily PANW Bear 1X Shares in the third quarter worth about $458,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Direxion Daily PANW Bear 1X Shares in the first quarter worth about $693,000.

Direxion Daily PANW Bear 1X Shares Stock Performance

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 price of $25.18 and a two-hundred day moving average price of $23.47.

Direxion Daily PANW Bear 1X Shares Increases Dividend

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

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.