Short Interest in Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Grows By 211.1%

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 1,234,989 shares, a growth of 211.1% from the December 31st total of 397,013 shares. Currently, 16.0% of the company’s stock are sold short. Based on an average trading volume of 1,361,349 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 1,361,349 shares, the short-interest ratio is presently 0.9 days. Currently, 16.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Direxion Daily PLTR Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in PLTU. UBS Group AG increased its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 102,945.7% in the third quarter. UBS Group AG now owns 203,000 shares of the company’s stock valued at $20,676,000 after purchasing an additional 202,803 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at about $1,733,000. TRUE Private Wealth Advisors acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter worth approximately $1,164,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter worth approximately $1,087,000. Finally, Jane Street Group LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter valued at approximately $245,000.

Direxion Daily PLTR Bull 2X Shares Stock Performance

PLTU traded down $4.26 on Thursday, hitting $52.19. 3,117,000 shares of the company were exchanged, compared to its average volume of 1,513,773. The stock’s fifty day moving average is $76.80 and its 200-day moving average is $86.58. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.5578 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $2.23 annualized dividend and a dividend yield of 4.3%.

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.