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

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) saw a significant decline in short interest in April. As of April 15th, there was short interest totaling 652,907 shares, a decline of 66.2% from the March 31st total of 1,933,853 shares. Approximately 13.2% of the company’s stock are sold short. Based on an average trading volume of 52,957,688 shares, the short-interest ratio is currently 0.0 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Canton Hathaway LLC bought a new position in Direxion Daily PLTR Bear 1X Shares during the 4th quarter worth approximately $51,000. OLD Mission Capital LLC bought a new position in shares of Direxion Daily PLTR Bear 1X Shares in the fourth quarter worth approximately $77,000. Headlands Technologies LLC purchased a new position in shares of Direxion Daily PLTR Bear 1X Shares in the second quarter worth $78,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily PLTR Bear 1X Shares in the second quarter worth $118,000. Finally, Private Advisor Group LLC bought a new stake in Direxion Daily PLTR Bear 1X Shares during the 3rd quarter valued at $122,000.

Direxion Daily PLTR Bear 1X Shares Stock Performance

PLTD stock remained flat at $7.55 during mid-day trading on Monday. The company’s stock had a trading volume of 29,435,373 shares, compared to its average volume of 54,850,605. The company has a fifty day simple moving average of $7.70 and a 200 day simple moving average of $7.16. Direxion Daily PLTR Bear 1X Shares has a fifty-two week low of $5.87 and a fifty-two week high of $12.53.

Direxion Daily PLTR Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.0572 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.0%. This is an increase from Direxion Daily PLTR Bear 1X Shares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 24th.

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.