Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Down 0.4% – Here’s Why

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) traded down 0.4% on Tuesday . The company traded as low as $35.00 and last traded at $36.76. 2,746,153 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 2,636,532 shares. The stock had previously closed at $36.92.

Direxion Daily PLTR Bull 2X Shares Price Performance

The stock’s 50 day moving average is $41.46 and its two-hundred day moving average is $58.02.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.3584 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $1.43 dividend on an annualized basis and a yield of 3.9%.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares in the fourth quarter valued at about $58,000. Hoey Investments Inc. grew its stake in Direxion Daily PLTR Bull 2X Shares by 724.0% during the first quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock worth $92,000 after buying an additional 1,810 shares during the last quarter. Wealth Watch Advisors INC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter worth about $111,000. Kestra Private Wealth Services LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter worth about $205,000. Finally, Jane Street Group LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the first quarter worth about $245,000.

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.