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

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,464,045 shares, a growth of 108.7% from the May 31st total of 701,561 shares. Currently, 11.7% of the shares of the stock are short sold. Based on an average daily volume of 2,971,126 shares, the short-interest ratio is currently 0.5 days.

Direxion Daily PLTR Bull 2X Shares Stock Up 15.5%

Direxion Daily PLTR Bull 2X Shares stock opened at $29.11 on Thursday. Direxion Daily PLTR Bull 2X Shares has a fifty-two week low of $21.04 and a fifty-two week high of $128.04. The firm’s fifty day moving average price is $35.58 and its 200-day moving average price is $48.42.

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Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Simplex Trading LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the fourth quarter valued at approximately $58,000. Wealth Watch Advisors INC bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter worth $111,000. Hoey Investments Inc. raised its position in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% during the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after buying an additional 1,810 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at $205,000. Finally, Ausdal Financial Partners Inc. lifted its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 52.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 6,955 shares of the company’s stock worth $511,000 after acquiring an additional 2,380 shares during the last quarter.

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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