Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Short Interest Up 244.3% in August

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,253,513 shares, an increase of 244.3% from the July 30th total of 364,056 shares. Approximately 25.1% of the company’s shares are sold short. Based on an average daily trading volume, of 34,457,826 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its position in shares of Direxion Daily PLTR Bear 1X Shares by 1,514.5% during the 4th 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 last quarter. Virtu Financial LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the fourth quarter valued at $2,106,000. Advisory Services Network LLC acquired a new stake in Direxion Daily PLTR Bear 1X Shares in the second quarter valued at $1,348,000. Jane Street Group LLC raised its stake in Direxion Daily PLTR Bear 1X Shares by 198.9% in the fourth quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock valued at $1,137,000 after buying an additional 114,810 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Direxion Daily PLTR Bear 1X Shares during the 3rd quarter worth about $433,000.

Direxion Daily PLTR Bear 1X Shares Stock Down 2.6%

NASDAQ PLTD opened at $5.15 on Thursday. The stock has a 50-day moving average of $7.24 and a two-hundred day moving average of $7.58. Direxion Daily PLTR Bear 1X Shares has a 1-year low of $5.01 and a 1-year high of $9.73.

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

Direxion Daily PLTR Bear 1X Shares Company Profile

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.