Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Stock Price Up 12.7% – What’s Next?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) shares shot up 12.7% during trading on Friday . The stock traded as high as $46.42 and last traded at $46.35. Approximately 648,603 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 2,863,280 shares. The stock had previously closed at $41.14.

Direxion Daily PLTR Bull 2X Shares Trading Up 20.6%

The stock’s 50 day moving average price is $32.34 and its 200 day moving average price is $40.09.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

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

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter valued at $1,356,000. UBS Group AG raised its position in shares of Direxion Daily PLTR Bull 2X Shares by 1.7% in the 4th quarter. UBS Group AG now owns 206,535 shares of the company’s stock worth $15,189,000 after buying an additional 3,535 shares during the period. Diversify Wealth Management LLC raised its position in shares of Direxion Daily PLTR Bull 2X Shares by 33.4% in the 4th quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock worth $1,475,000 after buying an additional 5,009 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in Direxion Daily PLTR Bull 2X Shares by 52.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 6,955 shares of the company’s stock valued at $511,000 after acquiring an additional 2,380 shares during the last quarter. Finally, StoneX Group Inc. acquired a new position in Direxion Daily PLTR Bull 2X Shares in the fourth quarter valued at $356,000.

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.