Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Sees Large Decrease in Short Interest

Posted by Paula Ricardo on Apr 25th, 2026

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD – Get Free Report) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 652,907 shares, a drop of 66.2% from the March 31st total of 1,933,853 shares. Approximately 13.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 52,957,688 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily PLTR Bear 1X Shares Stock Performance

Direxion Daily PLTR Bear 1X Shares stock opened at $7.55 on Friday. Direxion Daily PLTR Bear 1X Shares has a one year low of $5.87 and a one year high of $12.73. The business has a 50 day simple moving average of $7.70 and a 200 day simple moving average of $7.15.

Direxion Daily PLTR Bear 1X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.0572 per share. This is a boost from Direxion Daily PLTR Bear 1X Shares’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, March 24th. This represents a $0.23 annualized dividend and a dividend yield of 3.0%.

Hedge Funds Weigh In On Direxion Daily PLTR Bear 1X Shares

Several institutional investors have recently bought and sold shares of PLTD. Canton Hathaway LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the fourth quarter valued at $51,000. Headlands Technologies LLC bought a new position in shares of Direxion Daily PLTR Bear 1X Shares in the second quarter valued at about $78,000. OLD Mission Capital LLC bought a new position in shares of Direxion Daily PLTR Bear 1X Shares in the fourth quarter valued at about $77,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily PLTR Bear 1X Shares in the second quarter valued at about $118,000. Finally, Private Advisor Group LLC bought a new position in shares of Direxion Daily PLTR Bear 1X Shares in the third quarter valued at about $122,000.

About Direxion Daily PLTR Bear 1X Shares

(Get Free Report)

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.