Free Trial

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Up 8.6% - Here's What Happened

Direxion Daily PLTR Bull 2X Shares logo with background

Key Points

  • Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) surged by 8.6% on Thursday, with a last trading price of $95.45, after closing at $87.87.
  • The company recently increased its quarterly dividend to $0.3171, resulting in an annualized yield of 1.3%, up from a previous dividend of $0.11.
  • Several institutional investors increased their stakes in PLTU, with notable acquisitions including J.W. Cole Advisors Inc. and Diversify Wealth Management LLC, reflecting growing interest in the fund.
  • Five stocks we like better than Direxion Daily PLTR Bull 2X Shares.

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - Get Free Report) rose 8.6% on Thursday . The company traded as high as $95.98 and last traded at $95.45. Approximately 1,230,271 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 3,389,604 shares. The stock had previously closed at $87.87.

Direxion Daily PLTR Bull 2X Shares Stock Up 9.3%

The business has a fifty day simple moving average of $83.80 and a two-hundred day simple moving average of $58.70.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a $0.3171 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, June 24th. This is an increase from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at about $64,000. J.W. Cole Advisors Inc. acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 2nd quarter valued at about $236,000. Jump Financial LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at about $206,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at about $245,000. Finally, Diversify Wealth Management LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at about $281,000.

About Direxion Daily PLTR Bull 2X Shares

(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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Direxion Daily PLTR Bull 2X Shares Right Now?

Before you consider Direxion Daily PLTR Bull 2X Shares, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion Daily PLTR Bull 2X Shares wasn't on the list.

While Direxion Daily PLTR Bull 2X Shares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.