Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $44.73 and traded as low as $35.82. Direxion Daily PLTR Bull 2X ETF shares last traded at $36.99, with a volume of 966,769 shares changing hands.

Direxion Daily PLTR Bull 2X ETF Stock Performance

The business has a 50 day moving average of $55.97 and a 200-day moving average of $44.73.

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

Several large investors have recently modified their holdings of PLTU. StoneX Group Inc. acquired a new position in shares of Direxion Daily PLTR Bull 2X ETF in the 3rd quarter valued at $2,465,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily PLTR Bull 2X ETF in the 1st quarter valued at $682,000. Turner Financial Group Inc. purchased a new stake in Direxion Daily PLTR Bull 2X ETF in the 2nd quarter valued at $317,000. Tactive Advisors LLC acquired a new stake in Direxion Daily PLTR Bull 2X ETF during the 3rd quarter worth $377,000. Finally, Optiver Holding B.V. boosted its stake in Direxion Daily PLTR Bull 2X ETF by 96.2% during 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.

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.