Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Up 75.5% in December

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 790,494 shares, an increase of 75.5% from the November 30th total of 450,332 shares. Based on an average trading volume of 1,017,138 shares, the days-to-cover ratio is presently 0.8 days. Currently, 15.3% of the shares of the stock are short sold. Currently, 15.3% of the shares of the stock are short sold. Based on an average trading volume of 1,017,138 shares, the days-to-cover ratio is presently 0.8 days.

Direxion Daily PLTR Bull 2X Shares Trading Down 5.7%

PLTU stock opened at $83.07 on Friday. Direxion Daily PLTR Bull 2X Shares has a 52 week low of $16.61 and a 52 week high of $128.04. The company has a fifty day simple moving average of $90.95 and a two-hundred day simple moving average of $85.64.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be issued a $0.5578 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.23 dividend on an annualized basis and a dividend yield of 2.7%.

Institutional Investors Weigh In On Direxion Daily PLTR Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its stake in shares of Direxion Daily PLTR Bull 2X Shares by 102,945.7% in the 3rd quarter. UBS Group AG now owns 203,000 shares of the company’s stock valued at $20,676,000 after purchasing an additional 202,803 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at $1,733,000. Diversify Wealth Management LLC raised 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 valued at $921,000 after buying an additional 5,000 shares during the period. TRUE Private Wealth Advisors bought a new stake in Direxion Daily PLTR Bull 2X Shares in the third quarter worth $1,164,000. Finally, SBI Securities Co. Ltd. bought a new stake in Direxion Daily PLTR Bull 2X Shares in the third quarter worth $1,087,000.

About Direxion Daily PLTR Bull 2X Shares

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.