Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.82 and traded as high as $4.96. Direxion Daily PLTR Bear 1X ETF shares last traded at $4.95, with a volume of 40,523,647 shares traded.

Direxion Daily PLTR Bear 1X ETF Stock Up 3.1%

The firm’s fifty day moving average price is $4.82 and its 200-day moving average price is $6.89.

Direxion Daily PLTR Bear 1X ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were given a $0.0406 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Direxion Daily PLTR Bear 1X ETF’s previous quarterly dividend of $0.0376. The ex-dividend date was Tuesday, September 22nd.

Hedge Funds Weigh In On Direxion Daily PLTR Bear 1X ETF

A hedge fund recently bought a new stake in Direxion Daily PLTR Bear 1X ETF stock. Citadel Advisors LLC purchased a new stake in shares of Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 23,184 shares of the company’s stock, valued at approximately $205,000. Citadel Advisors LLC owned 0.46% of Direxion Daily PLTR Bear 1X ETF as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily PLTR Bear 1X ETF Company Profile

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.