Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Sees Significant Growth in Short Interest

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU – Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 1,862,423 shares, an increase of 81.9% from the April 30th total of 1,023,745 shares. Based on an average trading volume of 4,689,386 shares, the days-to-cover ratio is currently 0.4 days. Approximately 14.9% of the shares of the stock are short sold.

Direxion Daily PLTR Bull 2X Shares Stock Up 5.2%

NASDAQ PLTU opened at $50.05 on Tuesday. The stock has a 50-day moving average of $40.86 and a 200 day moving average of $56.44. Direxion Daily PLTR Bull 2X Shares has a twelve month low of $30.71 and a twelve month high of $128.04.

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Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.3584 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.9%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its position in shares of Direxion Daily PLTR Bull 2X Shares by 1.7% during the 4th quarter. UBS Group AG now owns 206,535 shares of the company’s stock worth $15,189,000 after purchasing an additional 3,535 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in Direxion Daily PLTR Bull 2X Shares by 33.4% in the fourth quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock valued at $1,475,000 after acquiring an additional 5,009 shares in the last quarter. Virtu Financial LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the fourth quarter worth approximately $1,356,000. Flow Traders U.S. LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth approximately $1,733,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at approximately $682,000.

Direxion Daily PLTR Bull 2X Shares Company Profile

(Get Free Report)

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.

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