Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading 7% Higher – Time to Buy?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s share price rose 7% during trading on Tuesday . The company traded as high as $34.56 and last traded at $34.50. 3,616,337 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 2,851,434 shares. The stock had previously closed at $32.24.

Direxion Daily PLTR Bull 2X Shares Trading Up 8.9%

The firm’s 50 day moving average price is $34.99 and its two-hundred day moving average price is $47.73.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 1.7% during the fourth quarter. UBS Group AG now owns 206,535 shares of the company’s stock worth $15,189,000 after purchasing an additional 3,535 shares during the last quarter. Diversify Wealth Management LLC lifted its stake in shares of Direxion Daily PLTR Bull 2X Shares by 33.4% in the 4th quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock valued at $1,475,000 after purchasing an additional 5,009 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the fourth quarter worth $1,356,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at about $1,733,000. Finally, Renaissance Technologies LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth approximately $682,000.

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.