Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Down 7.1% – Time to Sell?

Shares of Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) traded down 7.1% on Monday . The company traded as low as $48.69 and last traded at $50.05. 374,452 shares changed hands during trading, a decline of 87% from the average session volume of 2,784,700 shares. The stock had previously closed at $53.85.

Direxion Daily PLTR Bull 2X Shares Price Performance

The business’s 50-day moving average price is $34.97 and its two-hundred day moving average price is $39.33.

Direxion Daily PLTR Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.88 annualized dividend and a yield of 1.7%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PLTU. UBS Group AG lifted its position in Direxion Daily PLTR Bull 2X Shares by 102,945.7% in the third quarter. UBS Group AG now owns 203,000 shares of the company’s stock worth $20,676,000 after purchasing an additional 202,803 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter valued at $1,356,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at $1,733,000. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter worth $682,000. Finally, Turner Financial Group Inc. bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 2nd quarter worth $317,000.

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.