IHT Wealth Management LLC Buys 1,681,070 Shares of Direxion Daily PLTR Bear 1X Shares $PLTD

IHT Wealth Management LLC raised its stake in shares of Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) by 1,514.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,792,070 shares of the company’s stock after acquiring an additional 1,681,070 shares during the quarter. IHT Wealth Management LLC owned approximately 0.32% of Direxion Daily PLTR Bear 1X Shares worth $11,810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Canton Hathaway LLC bought a new stake in Direxion Daily PLTR Bear 1X Shares during the 4th quarter valued at $51,000. Headlands Technologies LLC acquired a new position in Direxion Daily PLTR Bear 1X Shares during the 2nd quarter valued at about $78,000. Flow Traders U.S. LLC acquired a new position in Direxion Daily PLTR Bear 1X Shares during the 2nd quarter valued at about $118,000. Private Advisor Group LLC purchased a new stake in Direxion Daily PLTR Bear 1X Shares in the third quarter valued at about $122,000. Finally, Jump Financial LLC purchased a new stake in Direxion Daily PLTR Bear 1X Shares in the fourth quarter valued at about $181,000.

Direxion Daily PLTR Bear 1X Shares Trading Up 2.0%

Direxion Daily PLTR Bear 1X Shares stock opened at $8.03 on Thursday. The stock has a 50-day moving average of $7.75 and a two-hundred day moving average of $7.41. Direxion Daily PLTR Bear 1X Shares has a one year low of $5.87 and a one year high of $9.89.

Direxion Daily PLTR Bear 1X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.0572 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 2.9%. This is a boost from Direxion Daily PLTR Bear 1X Shares’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, March 24th.

Direxion Daily PLTR Bear 1X Shares Profile

The Direxion Daily PLTR Bear 1X Shares (PLTD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTD was launched on Dec 11, 2024 and is issued by Direxion.