Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Down – What’s Next?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) shares gapped down prior to trading on Tuesday . The stock had previously closed at $109.08, but opened at $105.14. Direxion Daily PLTR Bull 2X Shares shares last traded at $104.87, with a volume of 741,341 shares changing hands.

Direxion Daily PLTR Bull 2X Shares Stock Down 4.7%

The business’s 50-day moving average price is $97.05 and its 200-day moving average price is $78.43.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were paid a dividend of $0.3624 per share. This is an increase from Direxion Daily PLTR Bull 2X Shares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.4%.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of PLTU. Hollencrest Capital Management acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the first quarter valued at $64,000. Spire Wealth Management raised its stake 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 purchasing an additional 305 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth about $206,000. OMNI 360 Wealth Inc. acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at about $224,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 2nd quarter valued at approximately $236,000.

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.