Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Update

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 711,810 shares, a drop of 15.7% from the February 12th total of 844,252 shares. Based on an average trading volume of 1,642,823 shares, the days-to-cover ratio is presently 0.4 days. Currently, 7.1% of the company’s shares are sold short. Currently, 7.1% of the company’s shares are sold short. Based on an average trading volume of 1,642,823 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

Several institutional investors have recently added to or reduced their stakes in PLTU. Simplex Trading LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth about $58,000. Spire Wealth Management grew its holdings in Direxion Daily PLTR Bull 2X Shares by 84.7% in the 3rd 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 purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at about $111,000. Kestra Private Wealth Services LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at about $205,000. Finally, OMNI 360 Wealth Inc. acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at about $224,000.

Direxion Daily PLTR Bull 2X Shares Stock Up 2.4%

PLTU stock traded up $1.16 during midday trading on Monday, hitting $49.85. The stock had a trading volume of 210,331 shares, compared to its average volume of 2,383,630. The company’s 50-day moving average price is $52.93 and its 200 day moving average price is $77.18. Direxion Daily PLTR Bull 2X Shares has a 12-month low of $16.61 and a 12-month high of $128.04.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a $0.5578 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $2.23 dividend on an annualized basis and a dividend yield of 4.5%.

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.