Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Update

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,862,423 shares, an increase of 81.9% from the April 30th total of 1,023,745 shares. Based on an average daily trading volume, of 4,689,386 shares, the days-to-cover ratio is currently 0.4 days. Currently, 14.9% of the shares of the company are short sold.

Direxion Daily PLTR Bull 2X Shares Trading Up 5.2%

Shares of PLTU opened at $50.05 on Tuesday. Direxion Daily PLTR Bull 2X Shares has a 52-week low of $30.71 and a 52-week high of $128.04. The company has a 50-day simple moving average of $40.86 and a 200-day simple moving average of $56.44.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.3584 dividend. This represents a $1.43 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily PLTR Bull 2X Shares

Several hedge funds have recently modified their holdings of PLTU. TRUE Private Wealth Advisors purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $1,164,000. Hoey Investments Inc. lifted its stake in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% in the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after purchasing 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 worth about $111,000. Jane Street Group LLC acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth approximately $245,000. Finally, StoneX Group Inc. acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth approximately $356,000.

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.