Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Shares Climb 7% – Here’s Why

Shares of Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) traded up 7% during trading on Friday. The stock traded as high as $67.80 and last traded at $67.7450. 605,712 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 2,446,969 shares. The stock had previously closed at $63.32.

Direxion Daily PLTR Bull 2X ETF Trading Up 6.9%

The business’s 50 day moving average price is $51.37 and its 200-day moving average price is $41.52.

Institutional Trading of Direxion Daily PLTR Bull 2X ETF

A number of institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in Direxion Daily PLTR Bull 2X ETF in the second quarter valued at $49,000. Hoey Investments Inc. increased its holdings in shares of Direxion Daily PLTR Bull 2X ETF by 724.0% in the 1st 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 in the last quarter. Turner Financial Group Inc. acquired a new stake in shares of Direxion Daily PLTR Bull 2X ETF in the second quarter valued at about $317,000. Tactive Advisors LLC purchased a new stake in Direxion Daily PLTR Bull 2X ETF during the third quarter worth about $377,000. Finally, Optiver Holding B.V. boosted its holdings in 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 buying an additional 6,205 shares in the last quarter.

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.