Short Interest in Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Declines By 49.8%

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 397,013 shares, a drop of 49.8% from the December 15th total of 790,494 shares. Currently, 5.9% of the shares of the stock are short sold. Based on an average trading volume of 919,258 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 919,258 shares, the short-interest ratio is currently 0.4 days. Currently, 5.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PLTU. Spire Wealth Management lifted its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 84.7% in the third quarter. Spire Wealth Management now owns 665 shares of the company’s stock worth $68,000 after acquiring an additional 305 shares during the last quarter. Wealth Watch Advisors INC bought a new position in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at approximately $111,000. Kestra Private Wealth Services LLC acquired a new stake in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at approximately $205,000. OMNI 360 Wealth Inc. bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth $224,000. Finally, Advisory Alpha LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth $383,000.

Direxion Daily PLTR Bull 2X Shares Stock Down 6.9%

PLTU traded down $4.96 during trading on Friday, hitting $67.16. 2,452,036 shares of the stock traded hands, compared to its average volume of 1,471,806. The business has a 50 day moving average price of $81.26 and a 200 day moving average price of $86.34. Direxion Daily PLTR Bull 2X Shares has a twelve month low of $16.61 and a twelve month high of $128.04.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a dividend of $0.5578 per share. This represents a $2.23 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, December 23rd.

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.