Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Shares Down 0.7% – What’s Next?

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD)’s stock price were down 0.7% during trading on Monday . The company traded as low as $7.90 and last traded at $7.96. Approximately 54,577,911 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 53,394,633 shares. The stock had previously closed at $8.02.

Direxion Daily PLTR Bear 1X Shares Stock Performance

The company’s 50 day moving average is $7.64 and its 200-day moving average is $7.29.

Direxion Daily PLTR Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.0572 dividend. The ex-dividend date was Tuesday, March 24th. This is a positive change from Direxion Daily PLTR Bear 1X Shares’s previous quarterly dividend of $0.05. This represents a $0.23 dividend on an annualized basis and a yield of 2.9%.

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

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its holdings in Direxion Daily PLTR Bear 1X Shares by 198.9% in the fourth quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock worth $1,137,000 after purchasing an additional 114,810 shares during the period. HRT Financial LP bought a new position in shares of Direxion Daily PLTR Bear 1X Shares in the fourth quarter valued at $190,000. Susquehanna International Group LLP bought a new position in shares of Direxion Daily PLTR Bear 1X Shares in the third quarter valued at $433,000. Private Advisor Group LLC bought a new position in shares of Direxion Daily PLTR Bear 1X Shares in the third quarter valued at $122,000. Finally, Advisory Services Network LLC bought a new position in shares of Direxion Daily PLTR Bear 1X Shares in the second quarter valued at $1,348,000.

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.