Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Stock Price Up 3.1% – Here’s What Happened

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD)’s stock price were up 3.1% during trading on Tuesday . The company traded as high as $8.23 and last traded at $7.96. Approximately 31,112,645 shares traded hands during trading, a decline of 39% from the average daily volume of 51,208,797 shares. The stock had previously closed at $7.72.

Direxion Daily PLTR Bear 1X Shares Trading Up 3.1%

The business has a fifty day simple moving average of $7.70 and a 200 day simple moving average of $7.38.

Direxion Daily PLTR Bear 1X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.0572 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.23 dividend on an annualized basis and a yield of 2.9%. This is a boost from Direxion Daily PLTR Bear 1X Shares’s previous quarterly dividend of $0.05.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Canton Hathaway LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the 4th quarter worth approximately $51,000. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the 2nd quarter worth approximately $78,000. OLD Mission Capital LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the 4th quarter worth approximately $77,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the 2nd quarter worth approximately $118,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the 3rd quarter worth approximately $122,000.

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.