Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Down 7.1% – What’s Next?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) were down 7.1% on Monday . The company traded as low as $48.69 and last traded at $50.05. 374,452 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 2,784,700 shares. The stock had previously closed at $53.85.

Direxion Daily PLTR Bull 2X Shares Stock Down 2.7%

The business’s fifty day moving average is $34.97 and its 200 day moving average is $39.33.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.88 annualized dividend and a dividend yield of 1.7%.

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

A number of institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the fourth quarter valued at approximately $1,356,000. Renaissance Technologies LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth approximately $682,000. Hoey Investments Inc. lifted its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% in the first quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after purchasing an additional 1,810 shares in the last quarter. UBS Group AG boosted its position in shares of 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 worth $15,189,000 after buying an additional 3,535 shares during the period. Finally, Diversify Wealth Management LLC grew its holdings in shares of 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 valued at $1,475,000 after buying an additional 5,009 shares in the last quarter.

Direxion Daily PLTR Bull 2X Shares Company Profile

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.