Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Up 15.5% – What’s Next?

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) shot up 15.5% during mid-day trading on Thursday . The stock traded as high as $40.07 and last traded at $39.94. 4,425,430 shares were traded during trading, an increase of 67% from the average session volume of 2,653,641 shares. The stock had previously closed at $34.58.

Direxion Daily PLTR Bull 2X Shares Price Performance

The business has a 50-day moving average price of $40.89 and a 200 day moving average price of $57.20.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.3584 dividend. This represents a $1.43 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 24th.

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

Several institutional investors and hedge funds have recently modified their holdings of PLTU. Simplex Trading LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 4th quarter worth about $58,000. Wealth Watch Advisors INC purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at about $111,000. Kestra Private Wealth Services LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at about $205,000. Hoey Investments Inc. increased its stake in Direxion Daily PLTR Bull 2X Shares by 724.0% during the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after purchasing an additional 1,810 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter worth about $383,000.

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.