Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Sees Significant Growth in Short Interest

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 844,252 shares, a growth of 105.5% from the January 29th total of 410,908 shares. Based on an average daily trading volume, of 4,172,985 shares, the short-interest ratio is currently 0.2 days. Approximately 8.4% of the company’s shares are sold short. Approximately 8.4% of the company’s shares are sold short. Based on an average daily trading volume, of 4,172,985 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

A number of institutional investors have recently bought and sold shares of the company. UBS Group AG raised its position in shares of Direxion Daily PLTR Bull 2X Shares by 1.7% in the 4th quarter. UBS Group AG now owns 206,535 shares of the company’s stock worth $15,189,000 after acquiring an additional 3,535 shares in the last quarter. Diversify Wealth Management LLC grew its stake in Direxion Daily PLTR Bull 2X Shares by 33.4% during the fourth quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock worth $1,475,000 after purchasing an additional 5,009 shares during the period. Virtu Financial LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares in the fourth quarter worth approximately $1,356,000. Flow Traders U.S. LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at approximately $1,733,000. Finally, TRUE Private Wealth Advisors bought a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth approximately $1,164,000.

Direxion Daily PLTR Bull 2X Shares Price Performance

Shares of Direxion Daily PLTR Bull 2X Shares stock traded up $0.71 during midday trading on Friday, reaching $40.67. The company had a trading volume of 1,502,672 shares, compared to its average volume of 2,316,923. The stock has a fifty day moving average price of $59.09 and a 200 day moving average price of $80.08. 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.5578 dividend. This represents a $2.23 dividend on an annualized basis and a dividend yield of 5.5%. 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.