Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Sees Significant Increase in Short Interest

Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 486,369 shares, an increase of 93.0% from the October 15th total of 252,029 shares. Currently, 8.2% of the company’s stock are short sold. Based on an average daily trading volume, of 24,987,863 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily PLTR Bear 1X ETF Stock Performance

NASDAQ PLTD traded up $0.11 on Friday, hitting $5.20. 36,305,712 shares of the stock were exchanged, compared to its average volume of 42,404,438. The business’s fifty day moving average is $4.85 and its 200 day moving average is $6.82. Direxion Daily PLTR Bear 1X ETF has a 52 week low of $4.20 and a 52 week high of $9.73.

Direxion Daily PLTR Bear 1X ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were given a $0.0406 dividend. This is a boost from Direxion Daily PLTR Bear 1X ETF’s previous quarterly dividend of $0.0376. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.1%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily PLTR Bear 1X ETF stock. StoneX Group Inc. purchased a new position in shares of Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 400,653 shares of the company’s stock, valued at approximately $1,917,000. StoneX Group Inc. owned 7.03% of Direxion Daily PLTR Bear 1X ETF as of its most recent filing with the Securities & Exchange Commission.

About Direxion Daily PLTR Bear 1X ETF

The Direxion Daily PLTR Bear 1X Shares (PLTD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTD was launched on Dec 11, 2024 and is issued by Direxion.