Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) saw unusually-high trading volume on Monday . Approximately 1,539,061 shares changed hands during trading, a decline of 35% from the previous session’s volume of 2,378,548 shares.The stock last traded at $43.96 and had previously closed at $41.59.

Direxion Daily PLTR Bull 2X Shares Trading Down 3.1%

The firm’s 50-day moving average is $44.27 and its 200-day moving average is $64.93.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.3584 per share. This represents a $1.43 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Large investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $1,733,000. Spire Wealth Management grew its position in Direxion Daily PLTR Bull 2X Shares by 84.7% during 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. SBI Securities Co. Ltd. bought a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $1,087,000. Advisory Alpha LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $383,000. Finally, Diversify Wealth Management LLC grew its position 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 valued at $1,475,000 after buying an additional 5,009 shares during the period.

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.