Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Down 8.4% – What’s Next?

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTUGet Free Report) traded down 8.4% on Wednesday . The stock traded as low as $40.36 and last traded at $41.00. 1,035,572 shares were traded during mid-day trading, a decline of 62% from the average session volume of 2,749,153 shares. The stock had previously closed at $44.76.

Direxion Daily PLTR Bull 2X Shares Stock Down 0.8%

The firm has a 50 day simple moving average of $40.34 and a two-hundred day simple moving average of $55.42.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.3584 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Institutional investors have recently modified their holdings of the business. Simplex Trading LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth $58,000. Wealth Watch Advisors INC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the third quarter worth $111,000. Hoey Investments Inc. raised its holdings in 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 purchasing an additional 1,810 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the third quarter worth $205,000. Finally, Ausdal Financial Partners Inc. raised its holdings in Direxion Daily PLTR Bull 2X Shares by 52.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 6,955 shares of the company’s stock worth $511,000 after purchasing an additional 2,380 shares during the last quarter.

About Direxion Daily PLTR Bull 2X Shares

(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.

Read More

Receive News & Ratings for Direxion Daily PLTR Bull 2X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily PLTR Bull 2X Shares and related companies with MarketBeat.com's FREE daily email newsletter.