Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Raises Dividend to $0.22 Per Share

Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) announced a quarterly dividend on Monday, September 21st. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.2201 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 0.1% increase from Direxion Daily PLTR Bull 2X ETF’s previous quarterly dividend of $0.22.

Direxion Daily PLTR Bull 2X ETF Trading Up 1.6%

Shares of Direxion Daily PLTR Bull 2X ETF stock traded up $0.89 during trading hours on Tuesday, reaching $55.20. 539,090 shares of the company’s stock were exchanged, compared to its average volume of 2,575,739. The company has a fifty day moving average of $44.04 and a 200-day moving average of $40.79. Direxion Daily PLTR Bull 2X ETF has a 52-week low of $21.04 and a 52-week high of $128.04.

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

A number of institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in Direxion Daily PLTR Bull 2X ETF in the 2nd quarter valued at about $49,000. Turner Financial Group Inc. bought a new position in shares of Direxion Daily PLTR Bull 2X ETF during the 2nd quarter valued at $317,000. Optiver Holding B.V. grew its holdings in Direxion Daily PLTR Bull 2X ETF by 96.2% during the first quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock valued at $563,000 after purchasing an additional 6,205 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Direxion Daily PLTR Bull 2X ETF during the 1st quarter valued at approximately $682,000. Finally, Hoey Investments Inc. grew its stake in shares of Direxion Daily PLTR Bull 2X ETF 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 during the last quarter.

About Direxion Daily PLTR Bull 2X ETF

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.