Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Sees Large Drop in Short Interest

Key Points

• Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) experienced a substantial decline in short interest, dropping by 68.2% from 539,900 shares to 171,500 shares in September.
• The stock price decreased by 14.8%, reaching $91.18, with a trading volume of 5,748,457 shares compared to its average of 3,316,797 shares.
• PLTU announced an increased quarterly dividend of $0.3624 per share, up from the previous $0.32, reflecting a 1.6% annualized yield.

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - ) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 171,500 shares, a decline of 68.2% from the August 31st total of 539,900 shares. Based on an average daily trading volume, of 2,982,300 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 2,982,300 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily PLTR Bull 2X Shares Stock Down 14.8%

Shares of NASDAQ:PLTU traded down $15.83 during mid-day trading on Friday, hitting $91.18. 5,748,457 shares of the company traded hands, compared to its average volume of 3,316,797. Direxion Daily PLTR Bull 2X Shares has a 12-month low of $16.61 and a 12-month high of $114.66. The stock has a 50-day moving average price of $89.75 and a two-hundred day moving average price of $64.16.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were given a $0.3624 dividend. This is an increase from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.32. This represents a $1.45 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 23rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jump Financial LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at $206,000. Belvedere Trading LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at $337,000. Bank of America Corp DE bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter valued at $696,000. Diversify Wealth Management LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at $281,000. Finally, Hollencrest Capital Management bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at $64,000.

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.

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