Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Up 7.5% – Should You Buy?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU – Get Free Report)’s share price traded up 7.5% during mid-day trading on Thursday . The stock traded as high as $56.66 and last traded at $56.32. Approximately 357,973 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,749,422 shares. The stock had previously closed at $52.37.

Direxion Daily PLTR Bull 2X Shares Price Performance

The stock’s 50-day moving average is $36.02 and its 200 day moving average is $39.45.

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Direxion Daily PLTR Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, June 23rd.

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

Several hedge funds have recently made changes to their positions in the company. Simplex Trading LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 4th quarter valued at about $58,000. Hoey Investments Inc. boosted its position in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% in the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after purchasing an additional 1,810 shares during the period. Wealth Watch Advisors INC purchased a new position in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth approximately $111,000. Kestra Private Wealth Services LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth approximately $205,000. Finally, Jane Street Group LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth approximately $245,000.

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.

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