Short Interest in Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Grows By 3,122.5%

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 2,578 shares, an increase of 3,122.5% from the December 31st total of 80 shares. Based on an average daily volume of 6,574 shares, the short-interest ratio is presently 0.4 days. Currently, 2.1% of the shares of the stock are short sold. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily volume of 6,574 shares, the short-interest ratio is presently 0.4 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. lifted 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 worth $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 valued at $458,000. Finally, Goldman Sachs Group Inc. bought a new position in Direxion Daily PANW Bear 1X Shares during the 1st quarter worth $693,000.

Direxion Daily PANW Bear 1X Shares Stock Performance

Shares of PALD stock traded down $0.55 during mid-day trading on Tuesday, reaching $23.78. 7 shares of the stock traded hands, compared to its average volume of 4,406. The stock’s fifty day simple moving average is $23.52 and its two-hundred day simple moving average is $23.05. Direxion Daily PANW Bear 1X Shares has a 1-year low of $20.15 and a 1-year high of $31.45.

Direxion Daily PANW Bear 1X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a dividend of $0.3954 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $1.58 annualized dividend and a yield of 6.7%. This is a boost from Direxion Daily PANW Bear 1X Shares’s previous quarterly dividend of $0.19.

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.