Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading 6.9% Higher - What's Next?

Key Points

• Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) experienced a 6.9% increase in trading, reaching a last traded price of $89.86.
• The company recently raised its quarterly dividend to $0.3171, up from $0.11, resulting in an annualized dividend of $1.27 and a yield of 1.4%.
• Notable hedge funds, including Jane Street Group LLC and Diversify Wealth Management LLC, have increased their positions in the stock during the first and second quarters.

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - ) traded up 6.9% during mid-day trading on Friday . The stock traded as high as $89.94 and last traded at $89.86. 1,588,138 shares were traded during trading, a decline of 54% from the average session volume of 3,427,206 shares. The stock had previously closed at $84.06.

Direxion Daily PLTR Bull 2X Shares Trading Up 8.5%

The company's 50-day simple moving average is $81.68 and its 200-day simple moving average is $57.10.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a $0.3171 dividend. 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 annualized dividend and a dividend yield of 1.4%.

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

Large investors have recently modified their holdings of the stock. Hollencrest Capital Management bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter valued at about $64,000. Jump Financial LLC bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter valued at about $206,000. J.W. Cole Advisors Inc. bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the second quarter valued at about $236,000. Jane Street Group LLC bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter valued at about $245,000. Finally, Diversify Wealth Management LLC bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter valued at about $281,000.

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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