Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Short Interest Up 244.3% in August

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,253,513 shares, a growth of 244.3% from the July 30th total of 364,056 shares. Approximately 25.1% of the company’s stock are sold short. Based on an average daily volume of 34,457,826 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Direxion Daily PLTR Bear 1X Shares

Several hedge funds have recently made changes to their positions in PLTD. IHT Wealth Management LLC lifted its holdings in shares of Direxion Daily PLTR Bear 1X Shares by 1,514.5% in the 4th quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock valued at $11,810,000 after purchasing an additional 1,681,070 shares during the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily PLTR Bear 1X Shares during the fourth quarter worth approximately $2,106,000. Jane Street Group LLC increased its position in Direxion Daily PLTR Bear 1X Shares by 198.9% during the fourth quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock worth $1,137,000 after buying an additional 114,810 shares during the period. Advisory Services Network LLC purchased a new stake in Direxion Daily PLTR Bear 1X Shares in the second quarter valued at approximately $1,348,000. Finally, Susquehanna International Group LLP purchased a new stake in Direxion Daily PLTR Bear 1X Shares in the third quarter valued at approximately $433,000.

Direxion Daily PLTR Bear 1X Shares Price Performance

PLTD stock opened at $5.15 on Thursday. Direxion Daily PLTR Bear 1X Shares has a twelve month low of $5.01 and a twelve month high of $9.73. The company’s 50 day moving average is $7.24 and its two-hundred day moving average is $7.58.

Direxion Daily PLTR Bear 1X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.0376 per share. This represents a $0.15 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, June 23rd.

Direxion Daily PLTR Bear 1X Shares Company Profile

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.