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

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 711,810 shares, a drop of 15.7% from the February 12th total of 844,252 shares. Approximately 7.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,642,823 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 1,642,823 shares, the short-interest ratio is presently 0.4 days. Approximately 7.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Direxion Daily PLTR Bull 2X Shares

Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth about $1,356,000. Ausdal Financial Partners Inc. lifted its stake in shares of Direxion Daily PLTR Bull 2X Shares by 52.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 6,955 shares of the company’s stock valued at $511,000 after buying an additional 2,380 shares during the period. StoneX Group Inc. acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth approximately $356,000. Simplex Trading LLC acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth approximately $58,000. Finally, Diversify Wealth Management LLC grew its stake in Direxion Daily PLTR Bull 2X Shares by 33.4% in the 4th quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock worth $1,475,000 after acquiring an additional 5,009 shares during the period.

Direxion Daily PLTR Bull 2X Shares Stock Up 3.6%

Shares of NASDAQ:PLTU traded up $1.81 on Tuesday, hitting $51.63. The company had a trading volume of 607,854 shares, compared to its average volume of 2,365,734. Direxion Daily PLTR Bull 2X Shares has a 52-week low of $16.61 and a 52-week high of $128.04. The business has a 50 day moving average of $52.53 and a 200 day moving average of $76.98.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.5578 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $2.23 annualized dividend and a yield of 4.3%.

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.