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

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 - ) gapped up prior to trading 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 8.3%

The company's 50 day moving average is $65.86 and its 200 day moving average is $48.29.

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 paid a $0.3171 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $1.27 annualized dividend and a yield of 1.5%. This is a boost from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.11.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management bought a new position in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth about $64,000. Jump Financial LLC bought a new position in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth about $206,000. Jane Street Group LLC bought a new position in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth about $245,000. Diversify Wealth Management LLC bought a new position in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth about $281,000. Finally, Belvedere Trading LLC bought a new position in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth about $337,000.

About Direxion Daily PLTR Bull 2X Shares

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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