Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Stock Price Up 8.6% – Time to Buy?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s share price rose 8.6% on Friday . The company traded as high as $54.90 and last traded at $54.75. Approximately 1,581,260 shares traded hands during trading, a decline of 43% from the average daily volume of 2,788,197 shares. The stock had previously closed at $50.40.

Direxion Daily PLTR Bull 2X Shares Price Performance

The company has a 50 day moving average of $34.52 and a 200 day moving average of $39.30.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.88 annualized dividend and a dividend yield of 1.6%.

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG boosted its holdings 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 valued at $15,189,000 after acquiring an additional 3,535 shares during the last quarter. Diversify Wealth Management LLC increased its stake in Direxion Daily PLTR Bull 2X Shares by 33.4% during the fourth quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock worth $1,475,000 after acquiring an additional 5,009 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 4th quarter worth about $1,356,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter worth about $1,733,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter worth about $682,000.

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.