Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Down 8.1% – Here’s What Happened

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s stock price traded down 8.1% on Tuesday . The stock traded as low as $48.30 and last traded at $50.35. 1,119,451 shares were traded during mid-day trading, a decline of 50% from the average session volume of 2,253,146 shares. The stock had previously closed at $54.78.

Direxion Daily PLTR Bull 2X Shares Trading Down 6.5%

The stock has a 50-day moving average price of $50.25 and a 200-day moving average price of $76.09.

Institutional Investors Weigh In On Direxion Daily PLTR Bull 2X Shares

Several hedge funds have recently bought and sold shares of PLTU. StoneX Group Inc. bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 4th quarter worth $356,000. Simplex Trading LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth $58,000. UBS Group AG grew its position in Direxion Daily PLTR Bull 2X Shares by 1.7% in the fourth quarter. UBS Group AG now owns 206,535 shares of the company’s stock worth $15,189,000 after acquiring an additional 3,535 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at $205,000. Finally, Ausdal Financial Partners Inc. bought a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at $466,000.

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.