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

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 2,411,185 shares, a growth of 426.7% from the January 29th total of 457,794 shares. Based on an average trading volume of 53,146,902 shares, the short-interest ratio is currently 0.0 days. Approximately 42.5% of the company’s stock are short sold. Approximately 42.5% of the company’s stock are short sold. Based on an average trading volume of 53,146,902 shares, the short-interest ratio is currently 0.0 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Canton Hathaway LLC purchased a new stake in Direxion Daily PLTR Bear 1X Shares in the fourth quarter valued at $51,000. OLD Mission Capital LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the fourth quarter worth about $77,000. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the second quarter worth about $78,000. Benchmark Financial Wealth Advisors LLC purchased a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the 2nd quarter valued at about $104,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the 2nd quarter valued at about $118,000.

Direxion Daily PLTR Bear 1X Shares Stock Performance

PLTD traded down $0.37 on Wednesday, reaching $8.40. The company’s stock had a trading volume of 53,647,403 shares, compared to its average volume of 46,504,789. The stock has a 50 day moving average of $7.26 and a two-hundred day moving average of $7.10. Direxion Daily PLTR Bear 1X Shares has a fifty-two week low of $5.87 and a fifty-two week high of $21.50.

Direxion Daily PLTR Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.0494 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.20 annualized dividend and a dividend yield of 2.4%.

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.