Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Down – Here’s Why

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) shares gapped down prior to trading on Monday . The stock had previously closed at $30.68, but opened at $29.62. Direxion Daily PLTR Bull 2X Shares shares last traded at $32.69, with a volume of 2,420,304 shares.

Direxion Daily PLTR Bull 2X Shares Stock Down 5.4%

The stock has a 50 day moving average of $34.67 and a 200-day moving average of $47.07.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Simplex Trading LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 4th quarter valued at $58,000. Hoey Investments Inc. increased its holdings in Direxion Daily PLTR Bull 2X Shares by 724.0% during the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock worth $92,000 after acquiring an additional 1,810 shares during the period. Wealth Watch Advisors INC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth approximately $111,000. Kestra Private Wealth Services LLC purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter worth approximately $205,000. Finally, Jane Street Group LLC bought a new position in Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at $245,000.

Direxion Daily PLTR Bull 2X Shares Company 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.