Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Up 10.5% After Dividend Announcement

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) shares shot up 10.5% during mid-day trading on Monday after the company announced a dividend. The company traded as high as $54.04 and last traded at $53.47. 640,872 shares were traded during mid-day trading, a decline of 72% from the average session volume of 2,250,786 shares. The stock had previously closed at $48.38.

The newly announced dividend which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be issued a dividend of $0.3584 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $1.43 annualized dividend and a dividend yield of 2.8%.

Direxion Daily PLTR Bull 2X Shares Trading Down 8.1%

The firm’s fifty day moving average is $49.79 and its 200-day moving average is $75.93.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the fourth quarter worth $1,356,000. Ausdal Financial Partners Inc. boosted its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 52.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 6,955 shares of the company’s stock valued at $511,000 after acquiring an additional 2,380 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter valued at $356,000. Simplex Trading LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth $58,000. Finally, Diversify Wealth Management LLC grew its position in Direxion Daily PLTR Bull 2X Shares by 33.4% during the 4th quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock worth $1,475,000 after acquiring an additional 5,009 shares during 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.