Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Stock Price Up 10.5% Following Dividend Announcement

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s stock price shot up 10.5% on Monday following a dividend announcement from the company. The company traded as high as $54.04 and last traded at $53.47. 640,872 shares changed hands during trading, a decline of 72% from the average session volume of 2,250,786 shares. The stock had previously closed at $48.38.

The newly announced dividend which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a $0.3584 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.8%.

Direxion Daily PLTR Bull 2X Shares Stock Down 8.1%

The business’s fifty day moving average price is $49.79 and its two-hundred day moving average price is $75.93.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

A number of institutional investors have recently bought and sold shares of the stock. Spire Wealth Management lifted its position in Direxion Daily PLTR Bull 2X Shares by 84.7% in the third quarter. Spire Wealth Management now owns 665 shares of the company’s stock worth $68,000 after buying an additional 305 shares during the last quarter. Simplex Trading LLC bought a new position in Direxion Daily PLTR Bull 2X Shares during the fourth quarter valued at $58,000. Wealth Watch Advisors INC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the third quarter valued at $111,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the third quarter valued at $205,000. Finally, OMNI 360 Wealth Inc. bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter worth about $224,000.

About Direxion Daily PLTR Bull 2X Shares

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.