Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Short Interest Down 64.6% in January

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 457,794 shares, a decrease of 64.6% from the January 15th total of 1,294,585 shares. Based on an average daily volume of 36,397,438 shares, the days-to-cover ratio is presently 0.0 days. Currently, 8.1% of the company’s shares are sold short. Currently, 8.1% of the company’s shares are sold short. Based on an average daily volume of 36,397,438 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Direxion Daily PLTR Bear 1X Shares

Institutional investors have recently bought and sold shares of the stock. Canton Hathaway LLC purchased a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the 4th quarter worth about $51,000. Susquehanna International Group LLP purchased a new stake in Direxion Daily PLTR Bear 1X Shares during the 3rd quarter worth $433,000. Private Advisor Group LLC acquired a new stake in Direxion Daily PLTR Bear 1X Shares in the 3rd quarter valued at $122,000. Optiver Holding B.V. acquired a new stake in Direxion Daily PLTR Bear 1X Shares in the 3rd quarter valued at $221,000. Finally, Advisory Services Network LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the second quarter valued at about $1,348,000.

Direxion Daily PLTR Bear 1X Shares Price Performance

Shares of NASDAQ:PLTD traded up $0.40 during midday trading on Thursday, reaching $8.75. The company’s stock had a trading volume of 55,718,153 shares, compared to its average volume of 45,515,238. The business has a 50 day moving average price of $6.85 and a 200 day moving average price of $7.04. Direxion Daily PLTR Bear 1X Shares has a 1 year low of $5.87 and a 1 year high of $21.50.

Direxion Daily PLTR Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.0494 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.20 annualized dividend and a yield of 2.3%.

About Direxion Daily PLTR Bear 1X Shares

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.