Jump Financial LLC Purchases New Holdings in Direxion Daily PLTR Bear 1X Shares $PLTD

Key Points

• Jump Financial LLC has acquired 192,504 shares of Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD), valued at approximately $3,332,000, representing about 8.02% ownership as of their latest SEC filing.
• IMC Chicago LLC significantly increased its position in the same shares by 798.9%, owning 212,903 shares now worth $3,685,000 after a recent acquisition.
• The Direxion Daily PLTR Bear 1X Shares recently paid a quarterly dividend of $0.0514 per share, equating to an annualized dividend of $0.21 and a yield of 2.6%.

Jump Financial LLC purchased a new stake in Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 192,504 shares of the company's stock, valued at approximately $3,332,000. Jump Financial LLC owned 8.02% of Direxion Daily PLTR Bear 1X Shares at the end of the most recent reporting period.

Separately, IMC Chicago LLC increased its position in shares of Direxion Daily PLTR Bear 1X Shares by 798.9% in the first quarter. IMC Chicago LLC now owns 212,903 shares of the company's stock valued at $3,685,000 after acquiring an additional 189,219 shares during the last quarter.

Direxion Daily PLTR Bear 1X Shares Price Performance

Shares of NASDAQ:PLTD traded up $0.08 during midday trading on Friday, reaching $8.00. The company had a trading volume of 11,844,319 shares, compared to its average volume of 6,271,457. The business's 50 day moving average price is $8.24 and its 200 day moving average price is $11.88. Direxion Daily PLTR Bear 1X Shares has a 1-year low of $6.66 and a 1-year high of $27.23.

Direxion Daily PLTR Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a $0.0514 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 2.6%.

Direxion Daily PLTR Bear 1X Shares Profile

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.