Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Short Interest Down 74.0% in August

Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 325,776 shares, a decline of 74.0% from the August 15th total of 1,253,513 shares. Based on an average daily trading volume, of 27,595,368 shares, the days-to-cover ratio is presently 0.0 days. Approximately 6.5% of the shares of the stock are sold short.

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

Several large investors have recently made changes to their positions in PLTD. Headlands Technologies LLC bought a new position in Direxion Daily PLTR Bear 1X ETF during the second quarter valued at approximately $78,000. OLD Mission Capital LLC bought a new stake in Direxion Daily PLTR Bear 1X ETF in the 4th quarter worth approximately $77,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily PLTR Bear 1X ETF during the 2nd quarter worth approximately $118,000. Private Advisor Group LLC bought a new position in shares of Direxion Daily PLTR Bear 1X ETF during the 3rd quarter valued at approximately $122,000. Finally, Jane Street Group LLC boosted its position in shares of Direxion Daily PLTR Bear 1X ETF by 43.0% during the 2nd quarter. Jane Street Group LLC now owns 62,666 shares of the company’s stock valued at $586,000 after acquiring an additional 18,829 shares during the last quarter.

Direxion Daily PLTR Bear 1X ETF Stock Performance

PLTD traded down $0.04 during trading on Friday, hitting $5.40. 21,023,848 shares of the company traded hands, compared to its average volume of 46,169,121. The stock’s 50-day simple moving average is $6.40 and its two-hundred day simple moving average is $7.31. Direxion Daily PLTR Bear 1X ETF has a 1 year low of $4.84 and a 1 year high of $9.73.

Direxion Daily PLTR Bear 1X ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.0376 per share. This represents a $0.15 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Direxion Daily PLTR Bear 1X ETF Company Profile

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.