Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Stock Price Up 12.7% – Time to Buy?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) shot up 12.7% during mid-day trading on Friday . The company traded as high as $46.42 and last traded at $46.35. 648,603 shares traded hands during trading, a decline of 77% from the average daily volume of 2,863,280 shares. The stock had previously closed at $41.14.

Direxion Daily PLTR Bull 2X Shares Trading Up 17.0%

The company has a 50-day moving average price of $32.30 and a 200-day moving average price of $40.02.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.88 annualized dividend and a yield of 1.8%.

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

Several hedge funds have recently added to or reduced their stakes in PLTU. Simplex Trading LLC acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth approximately $58,000. Wealth Watch Advisors INC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at $111,000. Kestra Private Wealth Services LLC acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth $205,000. Hoey Investments Inc. raised its stake in Direxion Daily PLTR Bull 2X Shares by 724.0% during the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock worth $92,000 after acquiring an additional 1,810 shares in the last quarter. Finally, Ausdal Financial Partners Inc. purchased a new stake in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at $466,000.

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.