Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) Increases Dividend to $0.10 Per Share

Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD) declared a quarterly dividend on Monday, September 21st. Shareholders of record on Tuesday, September 22nd will be paid a dividend of 0.1008 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 22nd. This is a 190.9% increase from Direxion Daily PANW Bear 1X ETF’s previous quarterly dividend of $0.03.

Direxion Daily PANW Bear 1X ETF Stock Down 1.7%

PALD stock traded down $0.17 during midday trading on Tuesday, hitting $9.88. The company’s stock had a trading volume of 62,189 shares, compared to its average volume of 42,254. The stock’s 50-day moving average price is $11.02 and its 200 day moving average price is $16.84. Direxion Daily PANW Bear 1X ETF has a 1 year low of $9.77 and a 1 year 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.