Short Interest in Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Expands By 244.3%

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,253,513 shares, a growth of 244.3% from the July 30th total of 364,056 shares. Based on an average daily volume of 34,457,826 shares, the short-interest ratio is currently 0.0 days. Currently, 25.1% of the shares of the stock are short sold.

Direxion Daily PLTR Bear 1X Shares Stock Performance

Direxion Daily PLTR Bear 1X Shares stock remained flat at $4.91 during midday trading on Friday. The company had a trading volume of 22,194,386 shares, compared to its average volume of 47,292,371. The business’s 50 day moving average price is $7.17 and its two-hundred day moving average price is $7.55. Direxion Daily PLTR Bear 1X Shares has a 52 week low of $4.84 and a 52 week high of $9.73.

Direxion Daily PLTR Bear 1X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0376 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.15 annualized dividend and a dividend yield of 3.1%.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the second quarter valued at $118,000. Jane Street Group LLC grew its stake in Direxion Daily PLTR Bear 1X Shares by 43.0% in the 2nd quarter. Jane Street Group LLC now owns 62,666 shares of the company’s stock worth $586,000 after acquiring an additional 18,829 shares in the last quarter. IHT Wealth Management LLC purchased a new position in shares of Direxion Daily PLTR Bear 1X Shares during the second quarter worth approximately $2,321,000. Headlands Technologies LLC bought a new stake in Direxion Daily PLTR Bear 1X Shares during the 2nd quarter valued at $78,000. Finally, Advisory Services Network LLC bought a new position in Direxion Daily PLTR Bear 1X Shares during the 2nd quarter worth about $1,348,000.

About Direxion Daily PLTR Bear 1X Shares

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.