Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Stock Price Up 2.4% – Should You Buy?

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) traded up 2.4% during mid-day trading on Wednesday . The stock traded as high as $5.86 and last traded at $5.86. Approximately 27,676,892 shares traded hands during trading, a decline of 44% from the average daily volume of 49,339,898 shares. The stock had previously closed at $5.72.

Direxion Daily PLTR Bear 1X Shares Price Performance

The stock’s 50-day moving average price is $7.92 and its 200-day moving average price is $7.80.

Direxion Daily PLTR Bear 1X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.0376 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, June 23rd.

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

Several hedge funds and other institutional investors have recently made changes to their positions in PLTD. IHT Wealth Management LLC boosted its position in Direxion Daily PLTR Bear 1X Shares by 1,514.5% during the 4th quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock worth $11,810,000 after acquiring an additional 1,681,070 shares during the period. Virtu Financial LLC bought a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the 4th quarter worth approximately $2,106,000. Advisory Services Network LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares during the 2nd quarter valued at $1,348,000. Jane Street Group LLC lifted its holdings in shares of Direxion Daily PLTR Bear 1X Shares by 198.9% during the fourth quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock valued at $1,137,000 after purchasing an additional 114,810 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Direxion Daily PLTR Bear 1X Shares in the third quarter worth about $433,000.

Direxion Daily PLTR Bear 1X Shares Company 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.