Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Up - Here's What Happened

Key Points

• Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) opened at $81.41 after closing at $77.05, marking an 8.3% increase in stock price.
• The company declared a quarterly dividend of $0.3171, representing a boost from its previous quarterly dividend of $0.11 and yielding 1.5% annually.
• Several institutional investors, including Hollencrest Capital Management and Jane Street Group LLC, have recently made new investments in the Direxion Daily PLTR Bull 2X Shares.

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $77.05, but opened at $81.41. Direxion Daily PLTR Bull 2X Shares shares last traded at $83.16, with a volume of 1,765,746 shares.

Direxion Daily PLTR Bull 2X Shares Stock Up 5.3%

The firm has a fifty day simple moving average of $69.45 and a 200-day simple moving average of $49.98.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were paid a dividend of $0.3171 per share. 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. This represents a $1.27 dividend on an annualized basis and a yield of 1.1%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. bought a new stake in Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth $835,000. Bank of America Corp DE purchased a new position in Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth $696,000. Belvedere Trading LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter worth $337,000. Diversify Wealth Management LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares in the 1st quarter worth about $281,000. Finally, Jane Street Group LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at about $245,000.

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.