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PALD ETF — Direxion Daily PANW Bear 1X Shares
Direxion Daily PANW Bear 1X Shares (PALD)
Updated October 16, 2026.
Verdict as of October 16, 2026
It pays quarterly and its distribution rate is 3.80%. The latest total cash payment per current share, $0.101 with an ex-date of September 22, 2026, was 188.6% higher than the previous $0.035. These payments are unclassified; this does not establish a base-dividend change.
Sources: Direxion, Section 19a-1 notices, scoring methodology.
PALD is an ETF linked to Palo Alto Networks (PANW). its distribution rate is 3.80%, its trailing-12-month yield is 5.00%, its expense ratio is 1.02%. Total return is -56.6% over the past 1.6 years, 141.5 points behind PANW at 84.9%.
PALD dividend yield and income
Price as of 2026-10-16.
The distribution rate (3.80%) uses calculation basis unavailable. Trailing-12-month yield (5.00%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.101. The ex-dividend date is 09/22/2026. The payment date is 09/29/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-22 | $0.101 | 188.6% Unclassified cash |
| 2026-06-23 | $0.035 | -91.1% Unclassified cash |
| 2025-12-23 | $0.395 | 110.1% Unclassified cash |
| 2025-09-23 | $0.188 | -7.8% Unclassified cash |
| 2025-06-24 | $0.204 | — |
| 2025 total (partial launch year) | $0.787 | — |
| 2026 YTD total | $0.136 | — |
PALD holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: PANW (physical holdings below may be collateral and options, not the reference asset itself).
PALD performance versus PANW
Price and return data through 2026-10-16.
Total return is -56.6% over the past 1.6 years, 141.5 points behind PANW at 84.9%. Over the past year its total return — price change plus distributions reinvested — is -49.8%. Its deepest 1-year drawdown was 70.9%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 7.8% | — |
| 3M | -4.1% | — |
| 6M | -57.5% | — |
| YTD | -54.8% | — |
| 1Y | -49.8% | — |
| Since inception (1.6 years) | -56.6% | -41.50% |
PALD key facts
- Issuer
- Direxion
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 03/26/2025
- Expense ratio
- 1.02%
- Distribution rate
- 3.80%
- Distribution frequency
- Quarterly
- Trailing yield
- 5.00%
- Last close
- $10.62 (as of 2026-10-16)
- AUM
- $2,510,854
- Average volume
- 137463.0
- Dividend
- $0.101
- Ex-dividend date
- 09/22/2026
- Payment date
- 09/29/2026
How Dividend Vision calculates yield and returns
Distribution rate (3.80%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.00%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Direxion; Index: Palo Alto Networks (PANW); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
PALD risks and drawbacks
PALD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed PANW over the available window. The deepest 1-year drawdown on record here is 70.9%.
Who may consider PALD — and who may not
PALD may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (PALD pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching PANW total return. This is educational context, not a recommendation to buy or sell.
More on PALD
Frequently asked questions
Does PALD pay monthly?
No. PALD currently pays quarterly, not monthly.
What is PALD linked to?
PALD is linked to Palo Alto Networks (PANW), not a broad market index.
What is PALD's expense ratio?
PALD's expense ratio is 1.02%.
What is PALD's dividend yield?
PALD's distribution rate is 3.80%, paid quarterly, with a 1.02% expense ratio — calculation basis unavailable.
When does PALD pay a dividend?
PALD pays quarterly. The dividend amount is $0.101. The ex-dividend date is 09/22/2026. The payment date is 09/29/2026.
How has PALD performed?
Total return is -56.6% over the past 1.6 years, 141.5 points behind PANW at 84.9%. Over the past year its total return — price change plus distributions reinvested — is -49.8%. Its deepest 1-year drawdown was 70.9%.
Is PALD a good investment?
Its distribution rate is 3.80% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Direxion.
Tickers
Holdings as-of date unavailable.
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