Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Stock Price Up 2.4% – Time to Buy?

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) shares traded up 2.4% during mid-day trading on Wednesday . The stock traded as high as $5.86 and last traded at $5.86. 27,676,892 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 49,339,898 shares. The stock had previously closed at $5.72.

Direxion Daily PLTR Bear 1X Shares Stock Performance

The stock’s 50 day moving average is $7.86 and its two-hundred day moving average is $7.77.

Direxion Daily PLTR Bear 1X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.0376 per share. This represents a $0.15 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, June 23rd.

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

A number of hedge funds and other institutional investors have recently modified their holdings of PLTD. Virtu Financial LLC acquired a new position in shares of Direxion Daily PLTR Bear 1X Shares during the fourth quarter worth $2,106,000. OLD Mission Capital LLC acquired a new stake in Direxion Daily PLTR Bear 1X Shares in the fourth quarter valued at $77,000. IHT Wealth Management LLC raised its stake in Direxion Daily PLTR Bear 1X Shares by 1,514.5% in the fourth quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock valued at $11,810,000 after buying an additional 1,681,070 shares in the last quarter. Jump Financial LLC purchased a new stake in Direxion Daily PLTR Bear 1X Shares during the 4th quarter worth about $181,000. Finally, Jane Street Group LLC lifted its holdings in Direxion Daily PLTR Bear 1X Shares by 198.9% during the 4th quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock worth $1,137,000 after buying an additional 114,810 shares during the last quarter.

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.