Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Down 7.1% – What’s Next?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s stock price fell 7.1% during mid-day trading on Monday . The company traded as low as $48.69 and last traded at $50.05. Approximately 374,452 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 2,784,700 shares. The stock had previously closed at $53.85.

Direxion Daily PLTR Bull 2X Shares Trading Down 3.6%

The company has a 50 day moving average price of $35.62 and a 200 day moving average price of $39.34.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

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

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Several hedge funds have recently made changes to their positions in PLTU. Jane Street Group LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter valued at about $245,000. Diversify Wealth Management LLC raised its holdings in Direxion Daily PLTR Bull 2X Shares by 50.0% during the second quarter. Diversify Wealth Management LLC now owns 15,000 shares of the company’s stock worth $921,000 after purchasing an additional 5,000 shares in the last quarter. UBS Group AG lifted its position in Direxion Daily PLTR Bull 2X Shares by 102,945.7% in the third quarter. UBS Group AG now owns 203,000 shares of the company’s stock valued at $20,676,000 after purchasing an additional 202,803 shares during the period. Wealth Watch Advisors INC acquired a new stake in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at about $111,000. Finally, TRUE Private Wealth Advisors purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at approximately $1,164,000.

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.