Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $73.48 and last traded at $72.40, with a volume of 883629 shares trading hands. The stock had previously closed at $72.66.
Direxion Daily PLTR Bull 2X Shares Stock Down 0.6%
The stock has a 50 day simple moving average of $60.51 and a 200 day simple moving average of $43.87.
Direxion Daily PLTR Bull 2X Shares Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a dividend of $0.3171 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This is an increase from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.11. This represents a $1.27 annualized dividend and a dividend yield of 1.65%.
Institutional Investors Weigh In On Direxion Daily PLTR Bull 2X Shares
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the fourth quarter valued at $835,000. Bank of America Corp DE bought a new stake in Direxion Daily PLTR Bull 2X Shares in the fourth quarter worth $696,000. Diversify Wealth Management LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the first quarter valued at about $281,000. Hollencrest Capital Management bought a new stake in Direxion Daily PLTR Bull 2X Shares during the first quarter valued at about $64,000. Finally, Belvedere Trading LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the first quarter valued at about $337,000.
Direxion Daily PLTR Bull 2X Shares Company Profile
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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.
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