Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Sees Significant Growth in Short Interest

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 790,494 shares, an increase of 75.5% from the November 30th total of 450,332 shares. Approximately 15.3% of the company’s stock are sold short. Based on an average daily volume of 1,017,138 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 1,017,138 shares, the short-interest ratio is currently 0.8 days. Approximately 15.3% of the company’s stock are sold short.

Direxion Daily PLTR Bull 2X Shares Trading Up 0.1%

NASDAQ PLTU opened at $79.10 on Tuesday. The company has a 50 day moving average price of $90.55 and a two-hundred day moving average price of $85.92. Direxion Daily PLTR Bull 2X Shares has a 12-month low of $16.61 and a 12-month high of $128.04.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.5578 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.23 dividend on an annualized basis and a yield of 2.8%.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kestra Private Wealth Services LLC bought a new position in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter worth $205,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at approximately $1,733,000. Ausdal Financial Partners Inc. bought a new position in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter valued at $466,000. TRUE Private Wealth Advisors acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at $1,164,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth approximately $111,000.

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.