Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) Trading Down 0.7% – Here’s What Happened

Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) shares fell 0.7% during trading on Tuesday . The stock traded as low as $20.54 and last traded at $20.54. 2,118 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 1,706 shares. The stock had previously closed at $20.68.

Direxion Daily PANW Bear 1X Shares Trading Down 0.7%

The stock’s 50 day moving average price is $21.59 and its 200 day moving average price is $23.17.

Direxion Daily PANW Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a $0.1878 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, September 23rd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily PANW Bear 1X Shares stock. Optiver Holding B.V. raised its position in shares of Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD) by 369.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,618 shares of the company’s stock after acquiring an additional 11,506 shares during the period. Optiver Holding B.V. owned approximately 9.75% of Direxion Daily PANW Bear 1X Shares worth $322,000 at the end of the most recent reporting period.

Direxion Daily PANW Bear 1X Shares 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.