Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Down 8.4% – Here’s Why

Posted by Wayne Rhoads on Jun 3rd, 2026

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU – Get Free Report) shares dropped 8.4% during trading on Wednesday . The stock traded as low as $40.36 and last traded at $41.00. Approximately 1,035,572 shares traded hands during trading, a decline of 62% from the average daily volume of 2,749,153 shares. The stock had previously closed at $44.76.

Direxion Daily PLTR Bull 2X Shares Trading Down 10.7%

The firm has a fifty day simple moving average of $40.86 and a 200-day simple moving average of $56.44.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.3584 per share. This represents a $1.43 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG grew its position in shares of Direxion Daily PLTR Bull 2X Shares by 102,945.7% during the 3rd quarter. UBS Group AG now owns 203,000 shares of the company’s stock worth $20,676,000 after buying an additional 202,803 shares during the period. Virtu Financial LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares in the fourth quarter valued at approximately $1,356,000. Flow Traders U.S. LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at approximately $1,733,000. Renaissance Technologies LLC bought a new position in Direxion Daily PLTR Bull 2X Shares in the first quarter valued at approximately $682,000. Finally, TRUE Private Wealth Advisors bought a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at approximately $1,164,000.

Direxion Daily PLTR Bull 2X Shares Company Profile

(Get Free Report)

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.