Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Down 5.6% – Should You Sell?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) fell 5.6% during mid-day trading on Wednesday . The company traded as low as $48.43 and last traded at $48.44. Approximately 418,143 shares were traded during trading, a decline of 85% from the average session volume of 2,861,512 shares. The stock had previously closed at $51.30.

Direxion Daily PLTR Bull 2X Shares Stock Down 4.5%

The stock has a 50 day moving average price of $32.39 and a 200 day moving average price of $39.72.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG boosted its position in shares of Direxion Daily PLTR Bull 2X Shares by 102,945.7% during the 3rd quarter. UBS Group AG now owns 203,000 shares of the company’s stock valued at $20,676,000 after purchasing an additional 202,803 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 4th quarter worth approximately $1,356,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter worth approximately $1,733,000. Renaissance Technologies LLC acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the first quarter valued at approximately $682,000. Finally, TRUE Private Wealth Advisors acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at approximately $1,164,000.

About Direxion Daily PLTR Bull 2X Shares

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.