Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Sees Large Drop in Short Interest

Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 325,776 shares, a decrease of 74.0% from the August 15th total of 1,253,513 shares. Approximately 6.5% of the shares of the stock are short sold. Based on an average daily volume of 27,595,368 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in Direxion Daily PLTR Bear 1X ETF during the second quarter worth about $205,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily PLTR Bear 1X ETF during the 4th quarter valued at about $2,106,000. Finally, IHT Wealth Management LLC lifted its position in Direxion Daily PLTR Bear 1X ETF by 1,514.5% in the 4th quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock worth $11,810,000 after buying an additional 1,681,070 shares during the last quarter.

Direxion Daily PLTR Bear 1X ETF Trading Down 3.7%

Direxion Daily PLTR Bear 1X ETF stock traded down $0.20 during mid-day trading on Monday, hitting $5.20. 27,927,697 shares of the company traded hands, compared to its average volume of 46,064,922. Direxion Daily PLTR Bear 1X ETF has a one year low of $4.84 and a one year high of $9.73. The stock has a fifty day moving average price of $6.40 and a 200-day moving average price of $7.30.

Direxion Daily PLTR Bear 1X ETF 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 $0.0376 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About Direxion Daily PLTR Bear 1X ETF

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.