Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Short Interest Update

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 1,457,797 shares, a drop of 39.5% from the February 12th total of 2,411,185 shares. Based on an average daily volume of 46,003,765 shares, the short-interest ratio is currently 0.0 days. Approximately 25.7% of the shares of the stock are short sold. Approximately 25.7% of the shares of the stock are short sold. Based on an average daily volume of 46,003,765 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily PLTR Bear 1X Shares Trading Up 1.5%

PLTD traded up $0.11 during trading on Friday, hitting $7.43. The company’s stock had a trading volume of 67,674,473 shares, compared to its average volume of 54,062,492. The firm’s 50 day moving average price is $7.56 and its two-hundred day moving average price is $7.12. Direxion Daily PLTR Bear 1X Shares has a 12 month low of $5.87 and a 12 month high of $21.50.

Direxion Daily PLTR Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.0494 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC increased its position in Direxion Daily PLTR Bear 1X Shares by 1,514.5% in the 4th quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock valued at $11,810,000 after acquiring an additional 1,681,070 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Direxion Daily PLTR Bear 1X Shares during the fourth quarter worth approximately $2,106,000. Advisory Services Network LLC acquired a new position in shares of Direxion Daily PLTR Bear 1X Shares during the second quarter worth approximately $1,348,000. Jane Street Group LLC grew its stake in shares of Direxion Daily PLTR Bear 1X Shares by 198.9% during the fourth quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock valued at $1,137,000 after purchasing an additional 114,810 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the third quarter valued at approximately $433,000.

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.