Direxion Daily PLTR Bear 1X Shares $PLTD Shares Acquired by IMC Chicago LLC

Key Points

• IMC Chicago LLC has significantly increased its position in Direxion Daily PLTR Bear 1X Shares by 527.6%, acquiring a total of 1,336,197 shares worth approximately $12.49 million.
• Direxion Daily PLTR Bear 1X Shares recently announced a quarterly dividend of $0.0834 per share, representing an annualized dividend of $0.33 with a yield of 4.7%, an increase from its previous dividend of $0.05.
• The stock's performance shows a recent increase of 7.6%, with current trading at $7.09, compared to a 12-month range of $6.55 to $27.23.

IMC Chicago LLC increased its position in Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD - Free Report) by 527.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,336,197 shares of the company's stock after buying an additional 1,123,294 shares during the quarter. IMC Chicago LLC owned about 20.15% of Direxion Daily PLTR Bear 1X Shares worth $12,493,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Jump Financial LLC purchased a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the first quarter valued at approximately $3,332,000.

Direxion Daily PLTR Bear 1X Shares Trading Up 7.6%

Shares of PLTD stock opened at $7.09 on Monday. The company's fifty day moving average price is $7.45 and its two-hundred day moving average price is $10.18. Direxion Daily PLTR Bear 1X Shares has a 12 month low of $6.55 and a 12 month high of $27.23.

Direxion Daily PLTR Bear 1X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.0834 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.33 dividend on an annualized basis and a yield of 4.7%. This is a boost from Direxion Daily PLTR Bear 1X Shares's previous quarterly dividend of $0.05.

About Direxion Daily PLTR Bear 1X Shares

The Direxion Daily PLTR Bear 1X Shares (PLTD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTD was launched on Dec 11, 2024 and is issued by Direxion.

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.