Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 12,711 shares, a decrease of 58.4% from the September 15th total of 30,543 shares. Based on an average daily trading volume, of 131,551 shares, the short-interest ratio is currently 0.1 days. Approximately 4.5% of the company’s shares are short sold.
Institutional Investors Weigh In On Direxion Daily PANW Bear 1X ETF
An institutional investor recently raised its stake in Direxion Daily PANW Bear 1X ETF stock. Optiver Holding B.V. boosted its stake in shares of Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD – Free Report) by 60.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,598 shares of the company’s stock after acquiring an additional 10,350 shares during the quarter. Optiver Holding B.V. owned 27.60% of Direxion Daily PANW Bear 1X ETF worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Direxion Daily PANW Bear 1X ETF Stock Up 1.7%
Shares of NASDAQ:PALD traded up $0.15 on Tuesday, reaching $9.22. 34,914 shares of the company traded hands, compared to its average volume of 48,898. The business’s 50-day simple moving average is $10.27 and its 200 day simple moving average is $15.06. Direxion Daily PANW Bear 1X ETF has a 52 week low of $8.50 and a 52 week high of $30.87.
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.
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