Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Down 49.8% in December

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 397,013 shares, a drop of 49.8% from the December 15th total of 790,494 shares. Approximately 5.9% of the shares of the company are short sold. Based on an average daily volume of 919,258 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 919,258 shares, the days-to-cover ratio is currently 0.4 days. Approximately 5.9% of the shares of the company are short sold.

Direxion Daily PLTR Bull 2X Shares Stock Down 1.6%

NASDAQ:PLTU traded down $1.15 during trading hours on Thursday, hitting $72.12. 1,090,926 shares of the company were exchanged, compared to its average volume of 1,372,769. Direxion Daily PLTR Bull 2X Shares has a 52-week low of $16.61 and a 52-week high of $128.04. The company’s 50 day moving average price is $82.13 and its 200-day moving average price is $86.40.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.5578 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $2.23 dividend on an annualized basis and a dividend yield of 3.1%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLTU. Jane Street Group LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at about $245,000. J.W. Cole Advisors Inc. purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the second quarter worth about $236,000. Diversify Wealth Management LLC lifted its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 50.0% during the second quarter. Diversify Wealth Management LLC now owns 15,000 shares of the company’s stock worth $921,000 after purchasing an additional 5,000 shares during the period. OMNI 360 Wealth Inc. purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at approximately $224,000. Finally, Spire Wealth Management boosted its position in Direxion Daily PLTR Bull 2X Shares by 84.7% in the third quarter. Spire Wealth Management now owns 665 shares of the company’s stock valued at $68,000 after buying an additional 305 shares during the last quarter.

About Direxion Daily PLTR Bull 2X Shares

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.