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Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Hits New 1-Year High - What's Next?

Direxion Daily PLTR Bull 2X Shares logo with background

Key Points

  • The Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) reached a new 52-week high of $83.45 during trading, closing at $81.92 with a trading volume of over 2 million shares.
  • The company increased its quarterly dividend to $0.3171 per share, up from $0.11, translating to an annualized dividend of $1.27 and a yield of 1.55%.
  • Several institutional investors, including Optiver Holding B.V. and Bank of America, have recently acquired new positions in Direxion Daily PLTR Bull 2X Shares, indicating increased interest in the stock.
  • MarketBeat previews top five stocks to own in September.

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - Get Free Report) reached a new 52-week high on Saturday . The stock traded as high as $83.45 and last traded at $81.92, with a volume of 2144778 shares. The stock had previously closed at $77.90.

Direxion Daily PLTR Bull 2X Shares Stock Performance

The company's fifty day moving average price is $63.67 and its two-hundred day moving average price is $46.66.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were issued a $0.3171 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.11.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the fourth quarter valued at approximately $835,000. Bank of America Corp DE acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the fourth quarter valued at approximately $696,000. Belvedere Trading LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter valued at approximately $337,000. Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter valued at approximately $281,000. Finally, Jane Street Group LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter valued at approximately $245,000.

About Direxion Daily PLTR Bull 2X Shares

(Get Free Report)

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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