Short Interest in Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Decreases By 64.6%

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 457,794 shares, a decline of 64.6% from the January 15th total of 1,294,585 shares. Based on an average daily trading volume, of 36,397,438 shares, the short-interest ratio is currently 0.0 days. Approximately 8.1% of the company’s stock are short sold. Approximately 8.1% of the company’s stock are short sold. Based on an average daily trading volume, of 36,397,438 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily PLTR Bear 1X Shares Stock Down 1.1%

Shares of NASDAQ PLTD traded down $0.10 during midday trading on Friday, reaching $8.63. 15,345,626 shares of the company’s stock were exchanged, compared to its average volume of 44,419,133. Direxion Daily PLTR Bear 1X Shares has a 52-week low of $5.87 and a 52-week high of $21.50. The business’s fifty day moving average price is $6.90 and its two-hundred day moving average price is $7.05.

Direxion Daily PLTR Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.0494 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.3%.

Institutional Investors Weigh In On Direxion Daily PLTR Bear 1X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC acquired a new position in Direxion Daily PLTR Bear 1X Shares in the second quarter worth $2,321,000. Jane Street Group LLC boosted its holdings in shares of Direxion Daily PLTR Bear 1X Shares by 198.9% in the 4th quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock valued at $1,137,000 after buying an additional 114,810 shares during the period. Advisory Services Network LLC acquired a new position in shares of Direxion Daily PLTR Bear 1X Shares in the 2nd quarter valued at about $1,348,000. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the 3rd quarter valued at about $433,000. Finally, Optiver Holding B.V. bought a new position in Direxion Daily PLTR Bear 1X Shares in the third quarter worth about $221,000.

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.