Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Sees Significant Growth in Short Interest

Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 486,369 shares, a growth of 93.0% from the October 15th total of 252,029 shares. Based on an average daily trading volume, of 24,987,863 shares, the short-interest ratio is presently 0.0 days. Approximately 8.2% of the company’s stock are sold short.

Institutional Trading of Direxion Daily PLTR Bear 1X ETF

An institutional investor recently bought a new position in Direxion Daily PLTR Bear 1X ETF stock. StoneX Group Inc. acquired a new position in shares of Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 400,653 shares of the company’s stock, valued at approximately $1,917,000. StoneX Group Inc. owned approximately 7.03% of Direxion Daily PLTR Bear 1X ETF as of its most recent SEC filing.

Direxion Daily PLTR Bear 1X ETF Trading Up 2.2%

Shares of Direxion Daily PLTR Bear 1X ETF stock traded up $0.11 during trading hours on Friday, reaching $5.20. 36,305,712 shares of the company’s stock were exchanged, compared to its average volume of 42,404,438. The company has a 50 day moving average of $4.85 and a two-hundred day moving average of $6.82. Direxion Daily PLTR Bear 1X ETF has a fifty-two week low of $4.20 and a fifty-two week high of $9.73.

Direxion Daily PLTR Bear 1X ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given a $0.0406 dividend. This is an increase from Direxion Daily PLTR Bear 1X ETF’s previous quarterly dividend of $0.0376. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 22nd.

About Direxion Daily PLTR Bear 1X ETF

The Direxion Daily PLTR Bear 1X Shares (PLTD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTD was launched on Dec 11, 2024 and is issued by Direxion.