Short Interest in Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Drops By 66.7%

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 410,908 shares, a decrease of 66.7% from the January 15th total of 1,234,989 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average daily volume of 1,656,774 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 1,656,774 shares, the short-interest ratio is presently 0.2 days. Currently, 4.1% of the shares of the stock are sold short.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

A number of hedge funds have recently made changes to their positions in the company. Spire Wealth Management increased its stake in shares of Direxion Daily PLTR Bull 2X Shares by 84.7% in the third quarter. Spire Wealth Management now owns 665 shares of the company’s stock valued at $68,000 after buying an additional 305 shares during the period. Wealth Watch Advisors INC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth approximately $111,000. Kestra Private Wealth Services LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at approximately $205,000. OMNI 360 Wealth Inc. acquired a new position in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at approximately $224,000. Finally, UBS Group AG raised its stake in shares of Direxion Daily PLTR Bull 2X Shares by 1.7% during the fourth quarter. UBS Group AG now owns 206,535 shares of the company’s stock valued at $15,189,000 after acquiring an additional 3,535 shares during the last quarter.

Direxion Daily PLTR Bull 2X Shares Stock Up 0.3%

NASDAQ PLTU opened at $42.75 on Wednesday. The firm’s fifty day moving average price is $71.32 and its two-hundred day moving average price is $84.78. Direxion Daily PLTR Bull 2X Shares has a fifty-two week low of $16.61 and a fifty-two week high of $128.04.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.5578 dividend. This represents a $2.23 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.