Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Short Interest Update

Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 168,899 shares, a drop of 48.2% from the August 31st total of 325,776 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 26,414,436 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Direxion Daily PLTR Bear 1X ETF

Large investors have recently modified their holdings of the business. IHT Wealth Management LLC grew its stake in Direxion Daily PLTR Bear 1X ETF by 1,514.5% during the 4th quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock valued at $11,810,000 after purchasing an additional 1,681,070 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Direxion Daily PLTR Bear 1X ETF in the 4th quarter valued at approximately $2,106,000. Finally, Citadel Advisors LLC purchased a new position in shares of Direxion Daily PLTR Bear 1X ETF during the 2nd quarter valued at approximately $205,000.

Direxion Daily PLTR Bear 1X ETF Stock Performance

Shares of PLTD stock remained flat at $4.78 on Wednesday. 14,650,371 shares of the stock traded hands, compared to its average volume of 44,645,023. The business has a 50-day simple moving average of $5.71 and a 200 day simple moving average of $7.07. Direxion Daily PLTR Bear 1X ETF has a fifty-two week low of $4.59 and a fifty-two week high of $9.73.

Direxion Daily PLTR Bear 1X ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were issued a $0.0406 dividend. The ex-dividend date was Tuesday, September 22nd. This represents a $0.16 dividend on an annualized basis and a yield of 3.4%. This is an increase from Direxion Daily PLTR Bear 1X ETF’s previous quarterly dividend of $0.0376.

Direxion Daily PLTR Bear 1X ETF Company Profile

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.