Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading 7% Higher – Here’s Why

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) shot up 7% during mid-day trading on Tuesday . The stock traded as high as $34.56 and last traded at $34.50. 3,616,337 shares changed hands during trading, an increase of 27% from the average daily volume of 2,851,434 shares. The stock had previously closed at $32.24.

Direxion Daily PLTR Bull 2X Shares Trading Down 6.9%

The company has a 50-day simple moving average of $34.48 and a two-hundred day simple moving average of $46.73.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Simplex Trading LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares during the fourth quarter valued at approximately $58,000. Wealth Watch Advisors INC bought a new position in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at approximately $111,000. Hoey Investments Inc. raised its stake in Direxion Daily PLTR Bull 2X Shares by 724.0% during the first quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after buying an additional 1,810 shares during the last quarter. Kestra Private Wealth Services LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares in the third quarter worth $205,000. Finally, Ausdal Financial Partners Inc. boosted its holdings in Direxion Daily PLTR Bull 2X Shares by 52.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 6,955 shares of the company’s stock worth $511,000 after acquiring an additional 2,380 shares in the last quarter.

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.