Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Down 15.7% in February

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 711,810 shares, a drop of 15.7% from the February 12th total of 844,252 shares. Based on an average daily volume of 1,642,823 shares, the short-interest ratio is currently 0.4 days. Currently, 7.1% of the shares of the company are sold short. Currently, 7.1% of the shares of the company are sold short. Based on an average daily volume of 1,642,823 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily PLTR Bull 2X Shares Price Performance

NASDAQ PLTU traded down $0.49 during trading on Wednesday, reaching $50.90. 602,471 shares of the company’s stock were exchanged, compared to its average volume of 2,339,301. The business has a 50 day moving average price of $52.06 and a 200-day moving average price of $76.80. Direxion Daily PLTR Bull 2X Shares has a fifty-two week low of $16.61 and a fifty-two week high of $128.04.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.5578 per share. This represents a $2.23 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in shares of Direxion Daily PLTR Bull 2X Shares by 84.7% during the 3rd quarter. Spire Wealth Management now owns 665 shares of the company’s stock worth $68,000 after acquiring an additional 305 shares in the last quarter. Simplex Trading LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth $58,000. Wealth Watch Advisors INC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at $111,000. Kestra Private Wealth Services LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at $205,000. Finally, OMNI 360 Wealth Inc. bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at $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.