Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Shares Shorted: Short Interest Down 48.2% in September

Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 168,899 shares, a decrease of 48.2% from the August 31st total of 325,776 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 26,414,436 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in Direxion Daily PLTR Bear 1X ETF during the 2nd quarter worth $205,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X ETF in the 4th quarter valued at $2,106,000. Finally, IHT Wealth Management LLC increased its stake in shares of 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 valued at $11,810,000 after buying an additional 1,681,070 shares during the period.

Direxion Daily PLTR Bear 1X ETF Trading Down 1.5%

PLTD traded down $0.07 during midday trading on Thursday, hitting $4.71. The company had a trading volume of 21,333,129 shares, compared to its average volume of 44,521,039. Direxion Daily PLTR Bear 1X ETF has a twelve month low of $4.59 and a twelve month high of $9.73. The firm’s 50-day simple moving average is $5.65 and its 200-day simple moving average is $7.05.

Direxion Daily PLTR Bear 1X ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were paid a dividend of $0.0406 per share. This represents a $0.16 annualized dividend and a dividend yield of 3.4%. This is an increase from Direxion Daily PLTR Bear 1X ETF’s previous quarterly dividend of $0.0376. The ex-dividend date of this dividend was Tuesday, September 22nd.

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.