Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Short Interest Down 48.0% in August

Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 755,761 shares, a decrease of 48.0% from the August 15th total of 1,453,990 shares. Based on an average daily volume of 1,039,332 shares, the days-to-cover ratio is presently 0.7 days. Currently, 5.5% of the shares of the stock are sold short.

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

Institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X ETF in the 2nd quarter valued at about $49,000. Turner Financial Group Inc. purchased a new position in Direxion Daily PLTR Bull 2X ETF in the 2nd quarter worth approximately $317,000. Optiver Holding B.V. grew its stake in Direxion Daily PLTR Bull 2X ETF by 96.2% in the 1st quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock worth $563,000 after buying an additional 6,205 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Direxion Daily PLTR Bull 2X ETF in the 1st quarter worth $682,000. Finally, Hoey Investments Inc. grew its position in Direxion Daily PLTR Bull 2X ETF by 724.0% in the first quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock worth $92,000 after acquiring an additional 1,810 shares in the last quarter.

Direxion Daily PLTR Bull 2X ETF Stock Down 0.9%

NASDAQ:PLTU traded down $0.45 during trading hours on Tuesday, hitting $48.38. The stock had a trading volume of 698,586 shares, compared to its average volume of 2,631,084. The company has a 50 day simple moving average of $42.39 and a two-hundred day simple moving average of $40.57. Direxion Daily PLTR Bull 2X ETF has a one year low of $21.04 and a one year high of $128.04.

Direxion Daily PLTR Bull 2X ETF 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.