Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Short Interest Update

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 4,269 shares, a decrease of 57.3% from the May 31st total of 10,002 shares. Based on an average daily volume of 497,034 shares, the short-interest ratio is presently 0.0 days. Currently, 0.5% of the shares of the company are sold short.

Direxion Daily PANW Bull 2X Shares Price Performance

Shares of NASDAQ PALU traded up $3.18 during trading on Wednesday, reaching $54.85. 91,046 shares of the stock traded hands, compared to its average volume of 159,230. Direxion Daily PANW Bull 2X Shares has a 52-week low of $9.85 and a 52-week high of $56.82. The company has a 50-day moving average of $29.21 and a 200-day moving average of $20.07. The stock has a market capitalization of $43.88 million, a P/E ratio of 60.46 and a beta of 3.73.

Direxion Daily PANW Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.1182 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.47 annualized dividend and a yield of 0.9%.

Hedge Funds Weigh In On Direxion Daily PANW Bull 2X Shares

Several large investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of Direxion Daily PANW Bull 2X Shares by 128.6% during the 1st quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock valued at $50,000 after buying an additional 2,250 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Direxion Daily PANW Bull 2X Shares in the 1st quarter valued at approximately $502,000. Finally, Optiver Holding B.V. raised its holdings in Direxion Daily PANW Bull 2X Shares by 17.5% during the 1st quarter. Optiver Holding B.V. now owns 43,171 shares of the company’s stock valued at $544,000 after acquiring an additional 6,419 shares during the period.

About Direxion Daily PANW Bull 2X Shares

Direxion Shares ETF Trust – Direxion Daily PANW Bull 2X 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 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.