Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading 12.7% Higher – Time to Buy?

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) traded up 12.7% during mid-day trading on Friday . The stock traded as high as $46.42 and last traded at $46.35. 648,603 shares traded hands during trading, a decline of 77% from the average session volume of 2,863,280 shares. The stock had previously closed at $41.14.

Direxion Daily PLTR Bull 2X Shares Price Performance

The company has a fifty day moving average price of $32.30 and a two-hundred day moving average price of $40.02.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.88 annualized dividend and a yield of 1.8%.

Institutional Investors Weigh In On Direxion Daily PLTR Bull 2X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLTU. Virtu Financial LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 4th quarter valued at $1,356,000. UBS Group AG raised its position in Direxion Daily PLTR Bull 2X Shares by 1.7% in the 4th quarter. UBS Group AG now owns 206,535 shares of the company’s stock valued at $15,189,000 after purchasing an additional 3,535 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in Direxion Daily PLTR Bull 2X Shares by 33.4% during the 4th quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock worth $1,475,000 after purchasing an additional 5,009 shares during the period. StoneX Group Inc. acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth $356,000. Finally, Simplex Trading LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth $58,000.

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.