Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Stock Price Down 5.6% – Time to Sell?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) traded down 5.6% during trading on Wednesday . The stock traded as low as $48.43 and last traded at $48.44. Approximately 418,143 shares traded hands during trading, a decline of 85% from the average daily volume of 2,861,512 shares. The stock had previously closed at $51.30.

Direxion Daily PLTR Bull 2X Shares Stock Performance

The business’s 50 day simple moving average is $32.89 and its 200-day simple moving average is $39.54.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.88 annualized dividend and a dividend yield of 1.6%.

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of PLTU. Jane Street Group LLC bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter valued at about $245,000. Diversify Wealth Management LLC increased its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 50.0% in the second quarter. Diversify Wealth Management LLC now owns 15,000 shares of the company’s stock worth $921,000 after acquiring an additional 5,000 shares in the last quarter. UBS Group AG increased its stake in Direxion Daily PLTR Bull 2X Shares by 102,945.7% during the 3rd quarter. UBS Group AG now owns 203,000 shares of the company’s stock worth $20,676,000 after purchasing an additional 202,803 shares in the last quarter. Wealth Watch Advisors INC acquired a new position in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter worth $111,000. Finally, TRUE Private Wealth Advisors bought a new position in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth about $1,164,000.

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.