Short Interest in Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Rises By 75.5%

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 790,494 shares, a growth of 75.5% from the November 30th total of 450,332 shares. Currently, 15.3% of the shares of the company are short sold. Based on an average daily volume of 1,017,138 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 1,017,138 shares, the short-interest ratio is presently 0.8 days. Currently, 15.3% of the shares of the company are short sold.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Several institutional investors and hedge funds have recently modified their holdings of PLTU. Spire Wealth Management boosted its holdings in Direxion Daily PLTR Bull 2X Shares by 84.7% in the 3rd quarter. Spire Wealth Management now owns 665 shares of the company’s stock worth $68,000 after buying an additional 305 shares during the period. Wealth Watch Advisors INC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the third quarter valued at about $111,000. Kestra Private Wealth Services LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the third quarter valued at about $205,000. Jump Financial LLC bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter worth about $206,000. Finally, OMNI 360 Wealth Inc. purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter worth about $224,000.

Direxion Daily PLTR Bull 2X Shares Trading Down 5.7%

Shares of NASDAQ:PLTU opened at $83.07 on Friday. The stock has a 50 day moving average of $90.95 and a 200 day moving average of $85.64. Direxion Daily PLTR Bull 2X Shares has a 12-month low of $16.61 and a 12-month high of $128.04.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be given a $0.5578 dividend. This represents a $2.23 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, December 23rd.

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.