Belvedere Trading LLC Makes New $337,000 Investment in Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)

Key Points

• Belvedere Trading LLC has acquired a new position in Direxion Daily PLTR Bull 2X Shares, purchasing 12,006 shares valued at approximately $337,000.
• The Direxion Daily PLTR Bull 2X Shares recently announced a quarterly dividend increase to $0.3171 from its previous $0.11, resulting in an annualized yield of 1.2%.
• The stock has seen a 7.3% increase recently, with a current trading price of $103.49, up from a 12-month low of $16.61.

Belvedere Trading LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,006 shares of the company's stock, valued at approximately $337,000. Belvedere Trading LLC owned about 0.16% of Direxion Daily PLTR Bull 2X Shares at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth approximately $696,000. Diversify Wealth Management LLC acquired a new stake in Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at $281,000. Optiver Holding B.V. acquired a new stake in Direxion Daily PLTR Bull 2X Shares in the 4th quarter valued at $835,000. Finally, Hollencrest Capital Management acquired a new stake in Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at $64,000.

Direxion Daily PLTR Bull 2X Shares Price Performance

Direxion Daily PLTR Bull 2X Shares stock traded down $1.96 during trading on Monday, reaching $109.99. The company had a trading volume of 1,510,467 shares, compared to its average volume of 3,497,139. The firm's 50-day simple moving average is $70.58 and its 200 day simple moving average is $50.88. Direxion Daily PLTR Bull 2X Shares has a 1-year low of $16.61 and a 1-year high of $113.01.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a $0.3171 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $1.27 dividend on an annualized basis and a yield of 1.2%. This is an increase from Direxion Daily PLTR Bull 2X Shares's previous quarterly dividend of $0.11.

Direxion Daily PLTR Bull 2X Shares 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.