Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Stock Price Up 8.2% – Here’s Why

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) rose 8.2% during trading on Friday . The company traded as high as $54.68 and last traded at $54.21. Approximately 2,298,525 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 2,412,416 shares. The stock had previously closed at $50.10.

Direxion Daily PLTR Bull 2X Shares Price Performance

The company’s 50 day moving average is $55.89 and its 200 day moving average is $78.47.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.5578 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $2.23 dividend on an annualized basis and a dividend yield of 4.1%.

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

A number of large investors have recently bought and sold shares of the company. Simplex Trading LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 4th quarter valued at approximately $58,000. Spire Wealth Management increased its stake 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 acquiring an additional 305 shares during the last quarter. Wealth Watch Advisors INC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $111,000. Kestra Private Wealth Services LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $205,000. Finally, OMNI 360 Wealth Inc. bought a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter worth $224,000.

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.