Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Sees Significant Decline in Short Interest

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 364,056 shares, a decline of 49.0% from the July 15th total of 714,479 shares. Currently, 7.3% of the shares of the stock are sold short. Based on an average daily volume of 39,385,525 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily PLTR Bear 1X Shares Price Performance

Shares of PLTD traded up $0.03 during mid-day trading on Monday, hitting $5.30. 17,273,209 shares of the company traded hands, compared to its average volume of 48,329,305. The business has a 50-day moving average of $7.67 and a 200 day moving average of $7.72. Direxion Daily PLTR Bear 1X Shares has a one year low of $5.09 and a one year high of $9.73.

Direxion Daily PLTR Bear 1X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.0376 dividend. This represents a $0.15 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily PLTR Bear 1X Shares

Several institutional investors and hedge funds have recently made changes to their positions in PLTD. IHT Wealth Management LLC raised its holdings in Direxion Daily PLTR Bear 1X Shares by 1,514.5% in the fourth quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock worth $11,810,000 after purchasing an additional 1,681,070 shares during the period. Virtu Financial LLC bought a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the 4th quarter valued at $2,106,000. Advisory Services Network LLC bought a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the 2nd quarter valued at $1,348,000. Jane Street Group LLC lifted its holdings in Direxion Daily PLTR Bear 1X Shares by 198.9% during the fourth quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock worth $1,137,000 after acquiring an additional 114,810 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Direxion Daily PLTR Bear 1X Shares in the third quarter valued at about $433,000.

About Direxion Daily PLTR Bear 1X Shares

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.