IHT Wealth Management LLC Purchases 1,681,070 Shares of Direxion Daily PLTR Bear 1X Shares $PLTD

IHT Wealth Management LLC increased its position in Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) by 1,514.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,792,070 shares of the company’s stock after purchasing an additional 1,681,070 shares during the quarter. IHT Wealth Management LLC owned approximately 31.55% of Direxion Daily PLTR Bear 1X Shares worth $11,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC grew its stake in Direxion Daily PLTR Bear 1X Shares by 198.9% in the fourth quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock worth $1,137,000 after purchasing an additional 114,810 shares in the last quarter. Advisory Services Network LLC bought a new stake in Direxion Daily PLTR Bear 1X Shares during the 2nd quarter valued at $1,348,000. Susquehanna International Group LLP bought a new stake in Direxion Daily PLTR Bear 1X Shares during the 3rd quarter valued at $433,000. Optiver Holding B.V. bought a new stake in Direxion Daily PLTR Bear 1X Shares during the 3rd quarter valued at $221,000. Finally, HRT Financial LP bought a new stake in Direxion Daily PLTR Bear 1X Shares during the 4th quarter valued at $190,000.

Direxion Daily PLTR Bear 1X Shares Stock Up 2.0%

Shares of NASDAQ PLTD opened at $8.03 on Thursday. The stock’s fifty day simple moving average is $7.75 and its two-hundred day simple moving average is $7.41. Direxion Daily PLTR Bear 1X Shares has a 12-month low of $5.87 and a 12-month high of $9.89.

Direxion Daily PLTR Bear 1X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.0572 per share. This is a boost from Direxion Daily PLTR Bear 1X Shares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.23 annualized dividend and a yield of 2.9%.

Direxion Daily PLTR Bear 1X Shares Profile

The Direxion Daily PLTR Bear 1X Shares (PLTD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTD was launched on Dec 11, 2024 and is issued by Direxion.