Direxion Daily PANW Bear 1X Shares (NASDAQ:PALD – Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 4,133 shares, a growth of 640.7% from the April 30th total of 558 shares. Approximately 4.1% of the company’s stock are short sold. Based on an average trading volume of 8,162 shares, the days-to-cover ratio is currently 0.5 days.
Direxion Daily PANW Bear 1X Shares Stock Down 9.0%
Shares of PALD opened at $14.63 on Friday. Direxion Daily PANW Bear 1X Shares has a twelve month low of $14.54 and a twelve month high of $30.87. The company has a 50 day moving average of $22.72 and a 200-day moving average of $23.99.
Hedge Funds Weigh In On Direxion Daily PANW Bear 1X Shares
Hedge funds and other institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. grew its stake in shares of Direxion Daily PANW Bear 1X Shares by 369.7% in the third quarter. Optiver Holding B.V. now owns 14,618 shares of the company’s stock valued at $322,000 after buying an additional 11,506 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Direxion Daily PANW Bear 1X Shares in the third quarter valued at $458,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily PANW Bear 1X Shares in the first quarter valued at $693,000.
Direxion Daily PANW Bear 1X Shares 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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