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Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Up 4.6% - Still a Buy?

Direxion Daily PLTR Bull 2X Shares logo with background

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - Get Free Report) were up 4.6% on Monday . The company traded as high as $62.39 and last traded at $62.05. Approximately 2,150,843 shares changed hands during trading, a decline of 40% from the average daily volume of 3,577,390 shares. The stock had previously closed at $59.34.

Direxion Daily PLTR Bull 2X Shares Stock Performance

The stock has a 50 day simple moving average of $57.82 and a two-hundred day simple moving average of $42.22.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.3171 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This is a boost from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.11. This represents a $1.27 dividend on an annualized basis and a dividend yield of 1.91%.

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

Hedge funds have recently modified their holdings of the business. Hollencrest Capital Management purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth $64,000. Jump Financial LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth $206,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth $245,000. Diversify Wealth Management LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth $281,000. Finally, Belvedere Trading LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth $337,000.

Direxion Daily PLTR Bull 2X Shares Company Profile

(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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