Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Shares Gap Up – Still a Buy?

Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $60.45, but opened at $63.61. Direxion Daily PLTR Bull 2X ETF shares last traded at $64.7190, with a volume of 614,902 shares.

Direxion Daily PLTR Bull 2X ETF Trading Up 5.9%

The stock has a fifty day moving average of $50.64 and a 200 day moving average of $41.42.

Institutional Trading of Direxion Daily PLTR Bull 2X ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X ETF in the 2nd quarter valued at $49,000. Turner Financial Group Inc. purchased a new position in shares of Direxion Daily PLTR Bull 2X ETF during the second quarter worth $317,000. Optiver Holding B.V. raised its holdings in shares of Direxion Daily PLTR Bull 2X ETF by 96.2% during the first quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock worth $563,000 after purchasing an additional 6,205 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Direxion Daily PLTR Bull 2X ETF during the first quarter valued at $682,000. Finally, Hoey Investments Inc. lifted its position in Direxion Daily PLTR Bull 2X ETF by 724.0% during the first quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after purchasing an additional 1,810 shares during the period.

About Direxion Daily PLTR Bull 2X ETF

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.