Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Down – Here’s Why

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) gapped down prior to trading on Wednesday . The stock had previously closed at $53.51, but opened at $51.75. Direxion Daily PLTR Bull 2X Shares shares last traded at $50.95, with a volume of 205,545 shares traded.

Direxion Daily PLTR Bull 2X Shares Price Performance

The stock’s 50 day simple moving average is $38.23 and its two-hundred day simple moving average is $39.85.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG increased its position in Direxion Daily PLTR Bull 2X Shares by 1.7% in 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 during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Direxion Daily PLTR Bull 2X Shares by 33.4% during the 4th quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock valued at $1,475,000 after buying an additional 5,009 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth $1,356,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth $1,733,000. Finally, Renaissance Technologies LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the 1st quarter worth about $682,000.

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.