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

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 701,561 shares, a decrease of 62.3% from the May 14th total of 1,862,423 shares. Currently, 5.6% of the shares of the stock are short sold. Based on an average trading volume of 3,236,735 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PLTU. Simplex Trading LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the fourth quarter worth $58,000. Hoey Investments Inc. raised its position in Direxion Daily PLTR Bull 2X Shares by 724.0% in the first quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock worth $92,000 after acquiring an additional 1,810 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter worth $111,000. Kestra Private Wealth Services LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter worth $205,000. Finally, Jane Street Group LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the first quarter worth $245,000.

Direxion Daily PLTR Bull 2X Shares Trading Down 4.7%

NASDAQ:PLTU traded down $1.55 during trading hours on Friday, hitting $31.28. The company’s stock had a trading volume of 2,538,572 shares, compared to its average volume of 2,742,032. The business’s 50-day moving average is $39.01 and its two-hundred day moving average is $53.77. Direxion Daily PLTR Bull 2X Shares has a 52-week low of $30.60 and a 52-week high of $128.04.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.3584 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $1.43 annualized dividend and a yield of 4.6%.

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.