Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Short Interest Up 522.3% in December

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,496,261 shares, a growth of 522.3% from the November 30th total of 240,445 shares. Based on an average trading volume of 32,569,356 shares, the short-interest ratio is currently 0.0 days. Currently, 24.9% of the company’s stock are sold short. Currently, 24.9% of the company’s stock are sold short. Based on an average trading volume of 32,569,356 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily PLTR Bear 1X Shares Stock Performance

PLTD opened at $6.20 on Friday. The business has a 50 day moving average of $6.62 and a 200-day moving average of $7.49. Direxion Daily PLTR Bear 1X Shares has a 52 week low of $5.87 and a 52 week high of $27.23.

Direxion Daily PLTR Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.0494 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.20 annualized dividend and a yield of 3.2%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares during the 2nd quarter valued at about $78,000. Benchmark Financial Wealth Advisors LLC bought a new position in shares of Direxion Daily PLTR Bear 1X Shares during the second quarter valued at approximately $104,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily PLTR Bear 1X Shares during the second quarter valued at approximately $118,000. Private Advisor Group LLC bought a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the 3rd quarter worth approximately $122,000. Finally, Jane Street Group LLC boosted its position in shares of Direxion Daily PLTR Bear 1X Shares by 43.0% in the 2nd quarter. Jane Street Group LLC now owns 62,666 shares of the company’s stock worth $586,000 after purchasing an additional 18,829 shares in the last quarter.

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.