Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Update

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 410,908 shares, a decrease of 66.7% from the January 15th total of 1,234,989 shares. Based on an average daily trading volume, of 1,656,774 shares, the short-interest ratio is presently 0.2 days. Approximately 4.1% of the company’s stock are short sold. Approximately 4.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,656,774 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily PLTR Bull 2X Shares Trading Up 2.4%

Shares of NASDAQ:PLTU traded up $0.86 during trading hours on Friday, reaching $37.30. The stock had a trading volume of 1,832,376 shares, compared to its average volume of 2,386,209. Direxion Daily PLTR Bull 2X Shares has a 1 year low of $16.61 and a 1 year high of $128.04. The firm’s 50 day moving average is $69.30 and its 200-day moving average is $84.13.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.5578 per share. This represents a $2.23 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. UBS Group AG increased its position in Direxion Daily PLTR Bull 2X Shares by 1.7% during the 4th quarter. UBS Group AG now owns 206,535 shares of the company’s stock worth $15,189,000 after purchasing an additional 3,535 shares during the period. Diversify Wealth Management LLC boosted its position in shares of Direxion Daily PLTR Bull 2X Shares by 33.4% during the 4th quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock worth $1,475,000 after purchasing an additional 5,009 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth $1,733,000. TRUE Private Wealth Advisors purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at about $1,164,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter worth about $1,087,000.

Direxion Daily PLTR Bull 2X Shares Company Profile

The Direxion Daily PLTR Bull 2X Shares (PLTU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTU was launched on Dec 11, 2024 and is issued by Direxion.