Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Up 108.7% in June

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,464,045 shares, a growth of 108.7% from the May 31st total of 701,561 shares. Currently, 11.7% of the company’s stock are sold short. Based on an average trading volume of 2,971,126 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

Hedge funds have recently modified their holdings of the stock. Simplex Trading LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the fourth quarter valued at about $58,000. Hoey Investments Inc. grew its stake in Direxion Daily PLTR Bull 2X Shares by 724.0% in 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 in the last quarter. Wealth Watch Advisors INC bought a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at approximately $111,000. Kestra Private Wealth Services LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth approximately $205,000. Finally, Jane Street Group LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth approximately $245,000.

Direxion Daily PLTR Bull 2X Shares Price Performance

Shares of PLTU traded up $3.91 during mid-day trading on Wednesday, hitting $29.11. 5,397,012 shares of the company’s stock were exchanged, compared to its average volume of 2,820,335. Direxion Daily PLTR Bull 2X Shares has a 52 week low of $21.04 and a 52 week high of $128.04. The company has a 50-day simple moving average of $35.86 and a 200 day simple moving average of $48.80.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.88 annualized dividend and a yield of 3.0%.

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.