Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Sees Significant Increase in Short Interest

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,234,989 shares, a growth of 211.1% from the December 31st total of 397,013 shares. Currently, 16.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,361,349 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 1,361,349 shares, the days-to-cover ratio is currently 0.9 days. Currently, 16.0% of the shares of the company are sold short.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Several large investors have recently modified their holdings of PLTU. UBS Group AG increased its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 1.7% during the fourth quarter. UBS Group AG now owns 206,535 shares of the company’s stock worth $15,189,000 after buying an additional 3,535 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at about $1,733,000. Diversify Wealth Management LLC grew its position in Direxion Daily PLTR Bull 2X Shares by 50.0% in the 2nd 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. TRUE Private Wealth Advisors bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth $1,164,000. Finally, SBI Securities Co. Ltd. bought a new position in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at $1,087,000.

Direxion Daily PLTR Bull 2X Shares Trading Down 6.3%

Shares of PLTU traded down $3.31 during mid-day trading on Friday, reaching $48.88. The company had a trading volume of 1,660,747 shares, compared to its average volume of 1,522,681. The company’s 50-day moving average is $76.06 and its 200-day moving average is $86.18. Direxion Daily PLTR Bull 2X Shares has a twelve month low of $16.61 and a twelve month high of $128.04.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.5578 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $2.23 dividend on an annualized basis and a dividend yield of 4.6%.

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.