Short Interest in Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) Decreases By 60.6%

Direxion Daily PANW Bull 2X Shares (NASDAQ:PALU) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,988 shares, a decrease of 60.6% from the June 30th total of 7,582 shares. Based on an average daily trading volume, of 102,429 shares, the short-interest ratio is currently 0.0 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in shares of Direxion Daily PANW Bull 2X Shares by 677.8% in the fourth quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock worth $31,000 after purchasing an additional 1,525 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily PANW Bull 2X Shares in the first quarter worth $502,000. Finally, Optiver Holding B.V. boosted its stake in Direxion Daily PANW Bull 2X Shares by 17.5% during the first quarter. Optiver Holding B.V. now owns 43,171 shares of the company’s stock valued at $544,000 after buying an additional 6,419 shares during the period.

Direxion Daily PANW Bull 2X Shares Trading Up 0.9%

Shares of Direxion Daily PANW Bull 2X Shares stock traded up $0.38 on Tuesday, reaching $44.04. The stock had a trading volume of 98,867 shares, compared to its average volume of 152,929. Direxion Daily PANW Bull 2X Shares has a 1 year low of $9.85 and a 1 year high of $59.63. The company has a market cap of $25.10 million, a P/E ratio of 60.46 and a beta of 3.04. The business’s 50 day moving average is $41.39 and its two-hundred day moving average is $24.40.

Direxion Daily PANW Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.1182 per share. This represents a $0.47 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About Direxion Daily PANW Bull 2X Shares

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.