Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Sees Significant Decline in Short Interest

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,457,797 shares, a drop of 39.5% from the February 12th total of 2,411,185 shares. Currently, 25.7% of the shares of the stock are sold short. Based on an average trading volume of 46,003,765 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 46,003,765 shares, the short-interest ratio is presently 0.0 days. Currently, 25.7% of the shares of the stock are sold short.

Direxion Daily PLTR Bear 1X Shares Price Performance

Shares of Direxion Daily PLTR Bear 1X Shares stock traded up $0.11 during trading on Friday, hitting $7.43. 67,674,473 shares of the company’s stock traded hands, compared to its average volume of 54,062,492. The firm’s fifty day moving average price is $7.56 and its 200 day moving average price is $7.12. Direxion Daily PLTR Bear 1X Shares has a twelve month low of $5.87 and a twelve month high of $21.50.

Direxion Daily PLTR Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.0494 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Investors Weigh In On Direxion Daily PLTR Bear 1X Shares

Several large investors have recently modified their holdings of PLTD. Virtu Financial LLC acquired a new position in shares of Direxion Daily PLTR Bear 1X Shares in the 4th quarter worth approximately $2,106,000. OLD Mission Capital LLC acquired a new stake in Direxion Daily PLTR Bear 1X Shares in the 4th quarter valued at $77,000. IHT Wealth Management LLC boosted its stake in Direxion Daily PLTR Bear 1X Shares by 1,514.5% in the 4th quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock valued at $11,810,000 after buying an additional 1,681,070 shares in the last quarter. Jump Financial LLC bought a new stake in Direxion Daily PLTR Bear 1X Shares in the fourth quarter valued at $181,000. Finally, Jane Street Group LLC grew its position in Direxion Daily PLTR Bear 1X Shares by 198.9% in the fourth quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock valued at $1,137,000 after acquiring an additional 114,810 shares during the period.

About Direxion Daily PLTR Bear 1X Shares

The Direxion Daily PLTR Bear 1X Shares (PLTD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTD was launched on Dec 11, 2024 and is issued by Direxion.