Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Up - Should You Buy?

Key Points

• Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) experienced a significant stock price increase, opening at $97.50 after closing at $91.18, with a last traded price of $99.20.
• The fund recently increased its quarterly dividend to $0.3624 per share, marking a positive change from the previous $0.32, which translates to an annual yield of 1.5%.
• Multiple institutional investors have recently purchased shares in PLTU, indicating growing interest in the fund, with notable acquisitions valued at over $1 million combined this year.

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - )'s stock price gapped up before the market opened on Monday . The stock had previously closed at $91.18, but opened at $97.50. Direxion Daily PLTR Bull 2X Shares shares last traded at $99.20, with a volume of 1,504,200 shares traded.

Direxion Daily PLTR Bull 2X Shares Stock Performance

The stock's 50 day simple moving average is $89.93 and its two-hundred day simple moving average is $65.08.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.3624 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This is a positive change from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.32. This represents a $1.45 dividend on an annualized basis and a yield of 1.5%.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Several institutional investors have recently bought and sold shares of the stock. Jump Financial LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at $206,000. Belvedere Trading LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares in the first quarter valued at about $337,000. Bank of America Corp DE acquired a new position in Direxion Daily PLTR Bull 2X Shares in the fourth quarter valued at about $696,000. Diversify Wealth Management LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter worth approximately $281,000. Finally, Hollencrest Capital Management acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter worth approximately $64,000.

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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