Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Up – Here’s What Happened

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) shares gapped up before the market opened on Friday . The stock had previously closed at $40.17, but opened at $42.81. Direxion Daily PLTR Bull 2X Shares shares last traded at $45.20, with a volume of 2,874,085 shares traded.

Direxion Daily PLTR Bull 2X Shares Stock Up 18.0%

The firm’s fifty day simple moving average is $40.93 and its 200 day simple moving average is $57.26.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.3584 dividend. This represents a $1.43 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Several institutional investors have recently made changes to their positions in PLTU. Simplex Trading LLC acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the fourth quarter valued at $58,000. Hoey Investments Inc. lifted its position in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% during the 1st quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock worth $92,000 after purchasing an additional 1,810 shares during the last quarter. Wealth Watch Advisors INC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at $111,000. Kestra Private Wealth Services LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at $205,000. Finally, Jane Street Group LLC acquired a new position in Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at approximately $245,000.

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.