Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Up – Should You Buy?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $28.39, but opened at $36.98. Direxion Daily PLTR Bull 2X Shares shares last traded at $40.06, with a volume of 4,309,510 shares changing hands.

Direxion Daily PLTR Bull 2X Shares Trading Down 5.1%

The stock’s fifty day moving average price is $32.28 and its two-hundred day moving average price is $40.21.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG increased its position in Direxion Daily PLTR Bull 2X Shares by 1.7% during the 4th quarter. UBS Group AG now owns 206,535 shares of the company’s stock worth $15,189,000 after purchasing an additional 3,535 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in shares of 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 valued at $1,475,000 after acquiring an additional 5,009 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter valued at $1,356,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth $1,733,000. Finally, Renaissance Technologies LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 1st quarter worth $682,000.

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.