Short Interest in Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Expands By 108.7%

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,464,045 shares, an increase of 108.7% from the May 31st total of 701,561 shares. Currently, 11.7% of the shares of the company are short sold. Based on an average daily volume of 2,971,126 shares, the days-to-cover ratio is currently 0.5 days.

Direxion Daily PLTR Bull 2X Shares Price Performance

Shares of NASDAQ:PLTU traded up $0.37 on Tuesday, reaching $25.17. The company’s stock had a trading volume of 1,727,253 shares, compared to its average volume of 2,786,273. Direxion Daily PLTR Bull 2X Shares has a 52-week low of $21.04 and a 52-week high of $128.04. The stock’s 50-day moving average is $36.23 and its two-hundred day moving average is $49.22.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, June 23rd.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Hedge funds have recently added to or reduced their stakes in the stock. Simplex Trading LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the fourth quarter valued at approximately $58,000. Hoey Investments Inc. raised its stake in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% during the first quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock worth $92,000 after purchasing an additional 1,810 shares during the last quarter. Wealth Watch Advisors INC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth $111,000. Kestra Private Wealth Services LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth $205,000. Finally, Jane Street Group LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at $245,000.

About Direxion Daily PLTR Bull 2X Shares

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.