Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $4.82 and traded as high as $4.96. Direxion Daily PLTR Bear 1X ETF shares last traded at $4.95, with a volume of 40,523,647 shares.

Direxion Daily PLTR Bear 1X ETF Price Performance

The firm’s 50-day simple moving average is $4.82 and its 200 day simple moving average is $6.89.

Direxion Daily PLTR Bear 1X ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were paid a $0.0406 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.16 annualized dividend and a dividend yield of 3.3%. This is an increase from Direxion Daily PLTR Bear 1X ETF’s previous quarterly dividend of $0.0376.

Institutional Trading of Direxion Daily PLTR Bear 1X ETF

An institutional investor recently bought a new stake in Direxion Daily PLTR Bear 1X ETF stock. Citadel Advisors LLC bought a new stake in shares of Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,184 shares of the company’s stock, valued at approximately $205,000. Citadel Advisors LLC owned about 0.46% of Direxion Daily PLTR Bear 1X ETF at the end of the most recent reporting period.

About Direxion Daily PLTR Bear 1X ETF

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.