Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Shares Down 4.5% – Should You Sell?

Posted by Trevor Kearing on Feb 6th, 2026

Shares of Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD – Get Free Report) dropped 4.5% during mid-day trading on Friday . The company traded as low as $8.23 and last traded at $8.35. Approximately 48,739,609 shares traded hands during trading, an increase of 9% from the average daily volume of 44,843,273 shares. The stock had previously closed at $8.74.

Direxion Daily PLTR Bear 1X Shares Stock Down 4.5%

The stock has a 50 day moving average of $6.78 and a two-hundred day moving average of $7.05.

Direxion Daily PLTR Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.0494 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, December 23rd.

Hedge Funds Weigh In On Direxion Daily PLTR Bear 1X Shares

A number of large investors have recently made changes to their positions in the stock. Canton Hathaway LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the fourth quarter valued at about $51,000. Susquehanna International Group LLP purchased a new position in Direxion Daily PLTR Bear 1X Shares in the third quarter valued at about $433,000. Private Advisor Group LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the third quarter valued at about $122,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the 3rd quarter valued at approximately $221,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the 2nd quarter worth approximately $1,348,000.

About Direxion Daily PLTR Bear 1X Shares

(Get Free Report)

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.