Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Trading Down 0.7% – Here’s Why

Posted by Bonnie Powley on May 19th, 2026

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD – Get Free Report)’s share price fell 0.7% during trading on Monday . The company traded as low as $7.90 and last traded at $7.96. 54,577,911 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 53,394,633 shares. The stock had previously closed at $8.02.

Direxion Daily PLTR Bear 1X Shares Price Performance

The stock has a 50 day simple moving average of $7.62 and a 200 day simple moving average of $7.27.

Direxion Daily PLTR Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.0572 dividend. This is an increase from Direxion Daily PLTR Bear 1X Shares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.23 dividend on an annualized basis and a yield of 2.9%.

Hedge Funds Weigh In On Direxion Daily PLTR Bear 1X Shares

Large investors have recently bought and sold shares of the stock. Canton Hathaway LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the 4th quarter worth approximately $51,000. OLD Mission Capital LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the 4th quarter worth approximately $77,000. Headlands Technologies LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the 2nd quarter worth approximately $78,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the 2nd quarter worth approximately $118,000. Finally, Private Advisor Group LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the 3rd quarter worth approximately $122,000.

Direxion Daily PLTR Bear 1X Shares Company Profile

(Get Free Report)

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.