Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 6,565 shares, a decrease of 48.4% from the September 30th total of 12,711 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average trading volume of 112,830 shares, the short-interest ratio is currently 0.1 days.
Direxion Daily PANW Bear 1X ETF Trading Up 4.0%
Shares of NASDAQ PALD traded up $0.39 during midday trading on Monday, hitting $10.23. 173,246 shares of the stock traded hands, compared to its average volume of 55,388. Direxion Daily PANW Bear 1X ETF has a one year low of $8.50 and a one year high of $30.87. The business has a 50 day moving average price of $10.04 and a two-hundred day moving average price of $17.34.
Institutional Trading of Direxion Daily PANW Bear 1X ETF
An institutional investor recently raised its position in Direxion Daily PANW Bear 1X ETF stock. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily PANW Bear 1X ETF (NASDAQ:PALD – Free Report) by 60.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,598 shares of the company’s stock after buying an additional 10,350 shares during the period. Optiver Holding B.V. owned approximately 27.60% of Direxion Daily PANW Bear 1X ETF worth $735,000 as of its most recent SEC filing.
About Direxion Daily PANW Bear 1X ETF
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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