Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) to Issue Quarterly Dividend of $0.22

Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) declared a quarterly dividend on Monday, September 21st. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.2201 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 0.1% increase from Direxion Daily PLTR Bull 2X ETF’s previous quarterly dividend of $0.22.

Direxion Daily PLTR Bull 2X ETF Stock Performance

Shares of Direxion Daily PLTR Bull 2X ETF stock traded up $0.89 during trading hours on Tuesday, reaching $55.20. The company’s stock had a trading volume of 539,090 shares, compared to its average volume of 2,575,739. Direxion Daily PLTR Bull 2X ETF has a one year low of $21.04 and a one year high of $128.04. The firm has a 50 day moving average price of $44.04 and a 200-day moving average price of $40.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X ETF in the fourth quarter worth $1,356,000. Renaissance Technologies LLC purchased a new position in Direxion Daily PLTR Bull 2X ETF during the first quarter worth approximately $682,000. Turner Financial Group Inc. acquired a new position in Direxion Daily PLTR Bull 2X ETF in the second quarter valued at approximately $317,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X ETF in the 2nd quarter valued at $49,000. Finally, Optiver Holding B.V. raised its position in Direxion Daily PLTR Bull 2X ETF by 96.2% in the 1st quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock valued at $563,000 after purchasing 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.