Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Sees Large Decrease in Short Interest

Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 325,776 shares, a decrease of 74.0% from the August 15th total of 1,253,513 shares. Approximately 6.5% of the company’s stock are sold short. Based on an average daily trading volume, of 27,595,368 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily PLTR Bear 1X ETF Stock Performance

Shares of NASDAQ PLTD traded down $0.04 during trading on Friday, reaching $5.40. 21,023,848 shares of the company traded hands, compared to its average volume of 46,169,121. Direxion Daily PLTR Bear 1X ETF has a 52-week low of $4.84 and a 52-week high of $9.73. The firm has a 50 day simple moving average of $6.40 and a 200-day simple moving average of $7.31.

Direxion Daily PLTR Bear 1X ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.0376 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.15 dividend on an annualized basis and a yield of 2.8%.

Institutional Investors Weigh In On Direxion Daily PLTR Bear 1X ETF

A number of large investors have recently made changes to their positions in the company. IHT Wealth Management LLC boosted its holdings in shares of Direxion Daily PLTR Bear 1X ETF by 1,514.5% in the fourth quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock worth $11,810,000 after buying an additional 1,681,070 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Direxion Daily PLTR Bear 1X ETF during the 4th quarter worth $2,106,000. Jane Street Group LLC boosted its stake in shares of Direxion Daily PLTR Bear 1X ETF by 198.9% during the 4th quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock worth $1,137,000 after acquiring an additional 114,810 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Direxion Daily PLTR Bear 1X ETF during the 2nd quarter valued at $1,348,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Direxion Daily PLTR Bear 1X ETF during the 3rd quarter valued at $433,000.

About Direxion Daily PLTR Bear 1X ETF

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.