Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - Get Free Report) dropped 4.5% during trading on Thursday . The company traded as low as $63.80 and last traded at $64.07. Approximately 2,222,532 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 3,619,076 shares. The stock had previously closed at $67.09.
Direxion Daily PLTR Bull 2X Shares Price Performance
The business's 50 day moving average is $58.17 and its 200 day moving average is $42.46.
Direxion Daily PLTR Bull 2X Shares Increases Dividend
The company 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 represents a $1.27 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Tuesday, June 24th. This is an increase from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.11.
Institutional Trading of Direxion Daily PLTR Bull 2X Shares
Several large investors have recently added to or reduced their stakes in PLTU. Optiver Holding B.V. purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the 4th quarter valued at about $835,000. Bank of America Corp DE acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 4th quarter valued at about $696,000. Belvedere Trading LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at about $337,000. Diversify Wealth Management LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at about $281,000. Finally, Jane Street Group LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at about $245,000.
About Direxion Daily PLTR Bull 2X Shares
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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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