Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Update

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 790,494 shares, a growth of 75.5% from the November 30th total of 450,332 shares. Based on an average trading volume of 1,017,138 shares, the days-to-cover ratio is presently 0.8 days. Currently, 15.3% of the shares of the company are sold short. Currently, 15.3% of the shares of the company are sold short. Based on an average trading volume of 1,017,138 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

A number of hedge funds have recently made changes to their positions in PLTU. UBS Group AG boosted its position in shares of Direxion Daily PLTR Bull 2X Shares by 102,945.7% during the 3rd quarter. UBS Group AG now owns 203,000 shares of the company’s stock valued at $20,676,000 after acquiring an additional 202,803 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter worth about $1,733,000. Diversify Wealth Management LLC lifted its stake 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 during the period. TRUE Private Wealth Advisors acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $1,164,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $1,087,000.

Direxion Daily PLTR Bull 2X Shares Stock Down 4.9%

Shares of NASDAQ PLTU traded down $4.03 during mid-day trading on Monday, hitting $79.04. The company had a trading volume of 818,805 shares, compared to its average volume of 2,910,966. The business’s 50-day simple moving average is $90.95 and its 200-day simple moving average is $85.80. Direxion Daily PLTR Bull 2X Shares has a 12 month low of $16.61 and a 12 month high of $128.04.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be given a $0.5578 dividend. This represents a $2.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, December 23rd.

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.