Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Up 7% – Here’s What Happened

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s stock price were up 7% during mid-day trading on Tuesday . The stock traded as high as $34.56 and last traded at $34.50. 3,616,337 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 2,851,434 shares. The stock had previously closed at $32.24.

Direxion Daily PLTR Bull 2X Shares Stock Performance

The business’s 50-day moving average price is $34.99 and its 200 day moving average price is $47.73.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Hedge funds and other institutional investors have recently modified their holdings of the business. Simplex Trading LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the fourth quarter valued at about $58,000. Wealth Watch Advisors INC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at approximately $111,000. Kestra Private Wealth Services LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at approximately $205,000. Hoey Investments Inc. boosted its stake in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% during the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after buying an additional 1,810 shares during the last quarter. Finally, Ausdal Financial Partners Inc. acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth approximately $466,000.

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.