Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Reaches New 1-Year High - Should You Buy?

Key Points

• Direxion Daily PLTR Bull 2X Shares (PLTU) reached a new 52-week high of $113.05, closing at $112.20 with significant trading volume of over 2.1 million shares.
• The company recently increased its quarterly dividend to $0.3171 per share, resulting in an annualized dividend of $1.27 and a dividend yield of 1.1%.
• Notable institutional investments in PLTU have been made, including purchases from Optiver Holding B.V. and Bank of America, totaling around $1.5 million in new positions.

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $113.05 and last traded at $112.20, with a volume of 2114416 shares. The stock had previously closed at $106.76.

Direxion Daily PLTR Bull 2X Shares Trading Down 4.4%

The business has a fifty day moving average price of $75.55 and a 200-day moving average price of $53.41.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a dividend of $0.3171 per share. This represents a $1.27 dividend on an annualized basis and a yield of 1.3%. This is a boost from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, June 24th.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management bought a new position in Direxion Daily PLTR Bull 2X Shares during the first quarter valued at approximately $64,000. Jump Financial LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at approximately $206,000. J.W. Cole Advisors Inc. bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 2nd quarter valued at approximately $236,000. Jane Street Group LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at approximately $245,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at approximately $281,000.

Direxion Daily PLTR Bull 2X Shares Company Profile

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.