Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) Short Interest Down 93.5% in August

Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 630 shares, a decrease of 93.5% from the August 15th total of 9,660 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 70,691 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily PANW Bear 1X ETF Price Performance

PALD traded down $0.11 on Thursday, hitting $11.24. 63,569 shares of the company were exchanged, compared to its average volume of 35,974. The firm has a fifty day simple moving average of $11.24 and a two-hundred day simple moving average of $17.79. Direxion Daily PANW Bear 1X ETF has a 12 month low of $9.85 and a 12 month high of $30.87.

Institutional Trading of Direxion Daily PANW Bear 1X ETF

A number of institutional investors have recently made changes to their positions in PALD. Optiver Holding B.V. grew its holdings in shares of Direxion Daily PANW Bear 1X ETF by 60.0% in the first quarter. Optiver Holding B.V. now owns 27,598 shares of the company’s stock worth $735,000 after purchasing an additional 10,350 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Direxion Daily PANW Bear 1X ETF in the third quarter worth $458,000. Finally, Goldman Sachs Group Inc. bought a new stake in Direxion Daily PANW Bear 1X ETF during the 1st quarter valued at $693,000.

Direxion Daily PANW Bear 1X ETF Company Profile

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.