Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Up 7.5% – Here’s What Happened

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) were up 7.5% on Thursday . The stock traded as high as $56.66 and last traded at $56.32. 357,973 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,749,422 shares. The stock had previously closed at $52.37.

Direxion Daily PLTR Bull 2X Shares Trading Up 8.1%

The business’s 50-day moving average price is $36.02 and its 200-day moving average price is $39.45.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 1.6%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Simplex Trading LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth about $58,000. Wealth Watch Advisors INC acquired a new position in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at about $111,000. Hoey Investments Inc. increased its position in 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 acquiring an additional 1,810 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at approximately $205,000. Finally, Ausdal Financial Partners Inc. raised its stake in Direxion Daily PLTR Bull 2X Shares by 52.0% during the 4th 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.

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.