Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Short Interest Down 48.0% in August

Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 755,761 shares, a decrease of 48.0% from the August 15th total of 1,453,990 shares. Based on an average daily volume of 1,039,332 shares, the days-to-cover ratio is presently 0.7 days. Currently, 5.5% of the shares of the stock are sold short.

Direxion Daily PLTR Bull 2X ETF Price Performance

Shares of Direxion Daily PLTR Bull 2X ETF stock traded down $0.45 during trading on Tuesday, hitting $48.38. 698,586 shares of the stock traded hands, compared to its average volume of 2,631,084. The firm’s fifty day moving average is $42.39 and its 200-day moving average is $40.57. Direxion Daily PLTR Bull 2X ETF has a 52 week low of $21.04 and a 52 week high of $128.04.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X ETF in the 2nd quarter worth approximately $49,000. Turner Financial Group Inc. purchased a new position in Direxion Daily PLTR Bull 2X ETF in the 2nd quarter worth $317,000. Optiver Holding B.V. raised its position in Direxion Daily PLTR Bull 2X ETF by 96.2% in the 1st quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock worth $563,000 after purchasing an additional 6,205 shares during the period. Renaissance Technologies LLC bought a new stake in Direxion Daily PLTR Bull 2X ETF in the first quarter worth $682,000. Finally, Hoey Investments Inc. lifted its stake in Direxion Daily PLTR Bull 2X ETF by 724.0% in the first quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock worth $92,000 after purchasing an additional 1,810 shares during the last quarter.

Direxion Daily PLTR Bull 2X ETF 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.