Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Update

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,464,045 shares, an increase of 108.7% from the May 31st total of 701,561 shares. Currently, 11.7% of the shares of the company are short sold. Based on an average daily volume of 2,971,126 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 102,945.7% in the third quarter. UBS Group AG now owns 203,000 shares of the company’s stock valued at $20,676,000 after acquiring an additional 202,803 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 4th quarter valued at $1,356,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at $1,733,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at $682,000. Finally, TRUE Private Wealth Advisors purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at $1,164,000.

Direxion Daily PLTR Bull 2X Shares Stock Up 1.5%

Shares of PLTU traded up $0.37 during midday trading on Tuesday, reaching $25.17. 1,727,253 shares of the stock were exchanged, compared to its average volume of 2,786,273. Direxion Daily PLTR Bull 2X Shares has a twelve month low of $21.04 and a twelve month high of $128.04. The business’s 50-day moving average price is $36.23 and its 200 day moving average price is $49.22.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, June 23rd.

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.