Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading 17.8% Higher – Here’s What Happened

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) rose 17.8% during mid-day trading on Thursday . The stock traded as high as $54.17 and last traded at $55.7230. Approximately 436,496 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 2,702,041 shares. The stock had previously closed at $47.29.

Direxion Daily PLTR Bull 2X Shares Price Performance

The stock has a 50-day moving average of $38.69 and a two-hundred day moving average of $39.93.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

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

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Several hedge funds have recently bought and sold shares of PLTU. Jane Street Group LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter worth about $245,000. Diversify Wealth Management LLC grew its holdings in Direxion Daily PLTR Bull 2X Shares by 50.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 15,000 shares of the company’s stock worth $921,000 after acquiring an additional 5,000 shares in the last quarter. UBS Group AG lifted its stake in shares of Direxion Daily PLTR Bull 2X Shares by 102,945.7% during the 3rd quarter. UBS Group AG now owns 203,000 shares of the company’s stock worth $20,676,000 after purchasing an additional 202,803 shares during the last quarter. Wealth Watch Advisors INC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth $111,000. Finally, TRUE Private Wealth Advisors acquired a new position in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at approximately $1,164,000.

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.