Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Up – Here’s Why

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $28.39, but opened at $36.98. Direxion Daily PLTR Bull 2X Shares shares last traded at $40.06, with a volume of 4,309,510 shares changing hands.

Direxion Daily PLTR Bull 2X Shares Trading Up 52.7%

The firm has a fifty day simple moving average of $31.96 and a two-hundred day simple moving average of $40.61.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.88 annualized dividend and a dividend yield of 2.0%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Simplex Trading LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter valued at approximately $58,000. Wealth Watch Advisors INC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at approximately $111,000. Hoey Investments Inc. grew its stake in Direxion Daily PLTR Bull 2X Shares by 724.0% in the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after buying an additional 1,810 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at $205,000. Finally, Ausdal Financial Partners Inc. lifted its position in shares of Direxion Daily PLTR Bull 2X Shares by 52.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 6,955 shares of the company’s stock worth $511,000 after acquiring an additional 2,380 shares in the last quarter.

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.