Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Shares Gap Up – Here’s What Happened

Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $60.45, but opened at $63.61. Direxion Daily PLTR Bull 2X ETF shares last traded at $64.7190, with a volume of 614,902 shares changing hands.

Direxion Daily PLTR Bull 2X ETF Stock Performance

The firm’s 50-day simple moving average is $50.64 and its two-hundred day simple moving average is $41.42.

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

A number of large investors have recently made changes to their positions in PLTU. Integrated Wealth Concepts LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X ETF in the 2nd quarter valued at $49,000. Hoey Investments Inc. lifted its position in Direxion Daily PLTR Bull 2X ETF by 724.0% during the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock worth $92,000 after acquiring an additional 1,810 shares during the period. Turner Financial Group Inc. acquired a new stake in Direxion Daily PLTR Bull 2X ETF during the 2nd quarter worth about $317,000. Optiver Holding B.V. grew its stake in Direxion Daily PLTR Bull 2X ETF by 96.2% during the 1st quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock valued at $563,000 after purchasing an additional 6,205 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Direxion Daily PLTR Bull 2X ETF during the 1st quarter valued at about $682,000.

About Direxion Daily PLTR Bull 2X ETF

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.