Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Down – Here’s Why

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $53.51, but opened at $51.75. Direxion Daily PLTR Bull 2X Shares shares last traded at $50.95, with a volume of 205,545 shares traded.

Direxion Daily PLTR Bull 2X Shares Price Performance

The firm’s 50 day moving average price is $38.23 and its two-hundred day moving average price is $39.85.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.88 annualized dividend and a yield of 1.8%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Simplex Trading LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth $58,000. Hoey Investments Inc. grew its position in shares of 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 purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the third quarter valued at $111,000. Kestra Private Wealth Services LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at $205,000. Finally, Jane Street Group LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at $245,000.

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.