Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Up 81.9% in May

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,862,423 shares, an increase of 81.9% from the April 30th total of 1,023,745 shares. Based on an average trading volume of 4,689,386 shares, the short-interest ratio is presently 0.4 days. Currently, 14.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. UBS Group AG increased its position in shares of Direxion Daily PLTR Bull 2X Shares by 102,945.7% during the third quarter. UBS Group AG now owns 203,000 shares of the company’s stock worth $20,676,000 after acquiring an additional 202,803 shares during the period. Virtu Financial LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth approximately $1,356,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth approximately $1,733,000. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the first quarter worth approximately $682,000. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth approximately $1,164,000.

Direxion Daily PLTR Bull 2X Shares Stock Down 13.0%

Shares of NASDAQ:PLTU opened at $38.93 on Thursday. Direxion Daily PLTR Bull 2X Shares has a 12 month low of $30.71 and a 12 month high of $128.04. The company has a 50-day moving average price of $40.57 and a 200 day moving average price of $55.77.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.3584 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.7%.

Direxion Daily PLTR Bull 2X Shares Company Profile

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.