Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Up – Should You Buy?

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) gapped up prior to trading on Friday . The stock had previously closed at $40.17, but opened at $42.81. Direxion Daily PLTR Bull 2X Shares shares last traded at $45.20, with a volume of 2,874,085 shares changing hands.

Direxion Daily PLTR Bull 2X Shares Stock Up 18.0%

The stock has a fifty day moving average price of $40.93 and a 200-day moving average price of $57.26.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.3584 per share. The ex-dividend date was Tuesday, March 24th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.0%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at about $245,000. Diversify Wealth Management LLC grew its stake in Direxion Daily PLTR Bull 2X Shares by 50.0% in the second quarter. Diversify Wealth Management LLC now owns 15,000 shares of the company’s stock valued at $921,000 after acquiring an additional 5,000 shares during the period. SBI Securities Co. Ltd. acquired a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at about $1,087,000. Advisory Alpha LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the third quarter valued at approximately $383,000. Finally, UBS Group AG boosted its stake in Direxion Daily PLTR Bull 2X Shares by 102,945.7% in the 3rd quarter. UBS Group AG now owns 203,000 shares of the company’s stock worth $20,676,000 after purchasing an additional 202,803 shares during the period.

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.