Short Interest in Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Decreases By 62.3%

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 701,561 shares, a decrease of 62.3% from the May 14th total of 1,862,423 shares. Based on an average daily volume of 3,236,735 shares, the short-interest ratio is presently 0.2 days. Currently, 5.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Direxion Daily PLTR Bull 2X Shares

A number of large investors have recently bought and sold shares of PLTU. UBS Group AG grew its position in Direxion Daily PLTR Bull 2X Shares by 102,945.7% during the 3rd quarter. UBS Group AG now owns 203,000 shares of the company’s stock worth $20,676,000 after acquiring an additional 202,803 shares during the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth approximately $1,356,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth approximately $1,733,000. Renaissance Technologies LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth approximately $682,000. Finally, TRUE Private Wealth Advisors bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth approximately $1,164,000.

Direxion Daily PLTR Bull 2X Shares Trading Down 4.7%

Shares of PLTU stock traded down $1.55 during trading hours on Friday, hitting $31.28. The company had a trading volume of 2,538,572 shares, compared to its average volume of 2,742,032. Direxion Daily PLTR Bull 2X Shares has a 12 month low of $30.60 and a 12 month high of $128.04. The firm’s fifty day moving average is $39.01 and its 200 day moving average is $53.77.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.3584 dividend. This represents a $1.43 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, March 24th.

About Direxion Daily PLTR Bull 2X Shares

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.