Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU – Get Free Report)’s share price dropped 6.6% on Friday . The stock traded as low as $51.08 and last traded at $50.9610. Approximately 193,063 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 2,692,814 shares. The stock had previously closed at $54.55.
Direxion Daily PLTR Bull 2X Shares Trading Down 7.8%
The company’s 50-day moving average price is $39.36 and its 200-day moving average price is $40.05.
Institutional Trading of Direxion Daily PLTR Bull 2X Shares
Several hedge funds and other institutional investors have recently modified their holdings of the company. Simplex Trading LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth about $58,000. Hoey Investments Inc. grew its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% during the first quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock worth $92,000 after buying an additional 1,810 shares in the last quarter. Wealth Watch Advisors INC acquired a new stake 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 3rd quarter valued at approximately $205,000. Finally, Jane Street Group LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at approximately $245,000.
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.
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