Direxion Daily PANW Bull 2X Shares (PALU) to Distribute Quarterly Dividend of $0.12 on June 30th

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) announced a quarterly dividend on Monday, June 22nd, NASDAQ Dividends reports. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.1182 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Direxion Daily PANW Bull 2X Shares Trading Up 3.1%

Shares of NASDAQ PALU opened at $38.10 on Wednesday. Direxion Daily PANW Bull 2X Shares has a one year low of $9.85 and a one year high of $42.05. The business has a 50-day moving average price of $26.18 and a two-hundred day moving average price of $19.30. The firm has a market capitalization of $30.48 million, a PE ratio of 60.46 and a beta of 3.73.

Institutional Trading of Direxion Daily PANW Bull 2X Shares

Several institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. grew its position in Direxion Daily PANW Bull 2X Shares by 239.4% during the third quarter. Optiver Holding B.V. now owns 51,428 shares of the company’s stock valued at $1,276,000 after purchasing an additional 36,274 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily PANW Bull 2X Shares in the 1st quarter worth approximately $502,000. Finally, Parallel Advisors LLC lifted its position in Direxion Daily PANW Bull 2X Shares by 128.6% in the 1st quarter. Parallel Advisors LLC now owns 4,000 shares of the company’s stock worth $50,000 after buying an additional 2,250 shares in the last quarter.

Direxion Daily PANW Bull 2X Shares Company Profile

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.