Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Up 4.3% - What's Next?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - Get Free Report)'s stock price shot up 4.3% during mid-day trading on Wednesday . The stock traded as high as $72.90 and last traded at $71.56. 868,944 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 3,541,917 shares. The stock had previously closed at $68.60.

Direxion Daily PLTR Bull 2X Shares Trading Down 18.7%

The stock has a fifty day moving average of $54.28 and a 200 day moving average of $40.37.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be paid a dividend of $0.3171 per share. The ex-dividend date is Tuesday, June 24th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.11.

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

Several institutional investors and hedge funds have recently modified their holdings of PLTU. Optiver Holding B.V. acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth approximately $835,000. Bank of America Corp DE acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth about $696,000. Diversify Wealth Management LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at about $281,000. Hollencrest Capital Management acquired a new position in Direxion Daily PLTR Bull 2X Shares in the first quarter valued at about $64,000. Finally, Belvedere Trading LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the first quarter valued at about $337,000.

Direxion Daily PLTR Bull 2X Shares Company Profile

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.