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

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 364,056 shares, a drop of 49.0% from the July 15th total of 714,479 shares. Approximately 7.3% of the company’s shares are sold short. Based on an average daily trading volume, of 39,385,525 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Direxion Daily PLTR Bear 1X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Direxion Daily PLTR Bear 1X Shares in the 4th quarter valued at about $2,106,000. OLD Mission Capital LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the 4th quarter valued at approximately $77,000. IHT Wealth Management LLC raised its holdings in Direxion Daily PLTR Bear 1X Shares by 1,514.5% in the fourth quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock worth $11,810,000 after purchasing an additional 1,681,070 shares during the period. Jump Financial LLC bought a new position in Direxion Daily PLTR Bear 1X Shares during the fourth quarter worth about $181,000. Finally, Jane Street Group LLC lifted its holdings in shares of Direxion Daily PLTR Bear 1X Shares by 198.9% during the 4th quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock valued at $1,137,000 after purchasing an additional 114,810 shares in the last quarter.

Direxion Daily PLTR Bear 1X Shares Trading Up 3.1%

Shares of PLTD stock traded up $0.16 on Friday, reaching $5.27. 16,385,649 shares of the stock were exchanged, compared to its average volume of 48,536,691. Direxion Daily PLTR Bear 1X Shares has a one year low of $5.09 and a one year high of $9.73. The stock has a 50 day moving average price of $7.67 and a 200 day moving average price of $7.72.

Direxion Daily PLTR Bear 1X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.0376 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, June 23rd.

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.