Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Up 8.6% – Time to Buy?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) shares were up 8.6% during mid-day trading on Friday . The company traded as high as $54.90 and last traded at $54.75. 1,581,260 shares were traded during trading, a decline of 43% from the average daily volume of 2,788,197 shares. The stock had previously closed at $50.40.

Direxion Daily PLTR Bull 2X Shares Stock Performance

The business’s 50-day simple moving average is $34.52 and its two-hundred day simple moving average is $39.30.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Simplex Trading LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth 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 valued at $92,000 after purchasing an additional 1,810 shares during the period. Wealth Watch Advisors INC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $111,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $205,000. Finally, Jane Street Group LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the first quarter worth $245,000.

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.