Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 755,761 shares, a decline of 48.0% from the August 15th total of 1,453,990 shares. Currently, 5.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,039,332 shares, the days-to-cover ratio is presently 0.7 days.
Direxion Daily PLTR Bull 2X ETF Stock Up 1.0%
PLTU traded up $0.49 during trading on Thursday, hitting $49.84. The company’s stock had a trading volume of 488,705 shares, compared to its average volume of 2,607,349. Direxion Daily PLTR Bull 2X ETF has a one year low of $21.04 and a one year high of $128.04. The business’s 50 day simple moving average is $42.74 and its 200-day simple moving average is $40.63.
Institutional Investors Weigh In On Direxion Daily PLTR Bull 2X ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in Direxion Daily PLTR Bull 2X ETF during the fourth quarter valued at $1,356,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily PLTR Bull 2X ETF in the first quarter worth about $682,000. Optiver Holding B.V. increased its position in Direxion Daily PLTR Bull 2X ETF by 96.2% in the first quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock worth $563,000 after buying an additional 6,205 shares in the last quarter. Turner Financial Group Inc. bought a new position in shares of Direxion Daily PLTR Bull 2X ETF in the second quarter worth about $317,000. Finally, Hoey Investments Inc. raised its stake in shares of Direxion Daily PLTR Bull 2X ETF by 724.0% in 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 during the period.
Direxion Daily PLTR Bull 2X ETF 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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