Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Trading Up 8.4% – Should You Buy?

Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU)’s share price shot up 8.4% on Wednesday . The stock traded as high as $60.25 and last traded at $59.8580. 603,332 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 2,564,332 shares. The stock had previously closed at $55.20.

Direxion Daily PLTR Bull 2X ETF Stock Performance

The firm has a 50 day moving average price of $44.49 and a two-hundred day moving average price of $40.83.

Institutional Trading of Direxion Daily PLTR Bull 2X ETF

Several institutional investors and hedge funds have recently bought and sold shares of PLTU. Virtu Financial LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X ETF in the fourth quarter worth $1,356,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily PLTR Bull 2X ETF in the 1st quarter worth about $682,000. Turner Financial Group Inc. purchased a new stake in Direxion Daily PLTR Bull 2X ETF in the 2nd quarter worth about $317,000. Optiver Holding B.V. boosted its position in Direxion Daily PLTR Bull 2X ETF by 96.2% during the 1st quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock worth $563,000 after acquiring an additional 6,205 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Direxion Daily PLTR Bull 2X ETF during the 2nd quarter worth about $49,000.

About Direxion Daily PLTR Bull 2X ETF

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.