Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Down – Here’s Why

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) gapped down before the market opened on Wednesday . The stock had previously closed at $53.51, but opened at $51.75. Direxion Daily PLTR Bull 2X Shares shares last traded at $50.95, with a volume of 205,545 shares changing hands.

Direxion Daily PLTR Bull 2X Shares Stock Up 15.4%

The firm’s 50-day moving average price is $39.36 and its 200-day moving average price is $40.05.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Several large investors have recently added to or reduced their stakes in the stock. Simplex Trading LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth about $58,000. Hoey Investments Inc. grew its stake in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% in the first 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 in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at about $111,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at about $205,000. Finally, Jane Street Group LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth approximately $245,000.

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.