Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Short Interest Down 39.5% in February

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,457,797 shares, a decline of 39.5% from the February 12th total of 2,411,185 shares. Approximately 25.7% of the shares of the stock are short sold. Based on an average daily volume of 46,003,765 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 46,003,765 shares, the short-interest ratio is presently 0.0 days. Approximately 25.7% of the shares of the stock are short sold.

Direxion Daily PLTR Bear 1X Shares Price Performance

Shares of PLTD stock traded up $0.11 during trading hours on Friday, reaching $7.43. The company had a trading volume of 67,674,473 shares, compared to its average volume of 54,062,492. Direxion Daily PLTR Bear 1X Shares has a 12-month low of $5.87 and a 12-month high of $21.50. The stock has a fifty day moving average of $7.56 and a 200-day moving average of $7.11.

Direxion Daily PLTR Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.0494 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 2.7%.

Institutional Trading of Direxion Daily PLTR Bear 1X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC raised its holdings in shares of Direxion Daily PLTR Bear 1X Shares by 1,514.5% during the 4th quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock worth $11,810,000 after acquiring an additional 1,681,070 shares during the period. Virtu Financial LLC purchased a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the fourth quarter valued at about $2,106,000. Jane Street Group LLC grew its holdings in shares of 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 valued at $1,137,000 after purchasing an additional 114,810 shares during the period. Advisory Services Network LLC acquired a new stake in Direxion Daily PLTR Bear 1X Shares during the second quarter worth about $1,348,000. Finally, Susquehanna International Group LLP acquired a new stake in Direxion Daily PLTR Bear 1X Shares during the third quarter worth about $433,000.

About Direxion Daily PLTR Bear 1X Shares

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.