Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Short Interest Down 74.0% in August

Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 325,776 shares, a drop of 74.0% from the August 15th total of 1,253,513 shares. Approximately 6.5% of the shares of the stock are sold short. Based on an average daily volume of 27,595,368 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily PLTR Bear 1X ETF Stock Down 0.7%

Shares of PLTD traded down $0.04 during trading hours on Friday, reaching $5.40. 21,023,848 shares of the stock traded hands, compared to its average volume of 46,169,121. The company’s 50-day moving average price is $6.40 and its two-hundred day moving average price is $7.31. Direxion Daily PLTR Bear 1X ETF has a 52-week low of $4.84 and a 52-week high of $9.73.

Direxion Daily PLTR Bear 1X ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.0376 dividend. This represents a $0.15 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 23rd.

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

Hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC grew its position in shares of Direxion Daily PLTR Bear 1X ETF by 1,514.5% during the fourth quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock worth $11,810,000 after purchasing an additional 1,681,070 shares in the last quarter. Virtu Financial LLC purchased a new position in Direxion Daily PLTR Bear 1X ETF in the 4th quarter worth approximately $2,106,000. Jane Street Group LLC boosted its stake in Direxion Daily PLTR Bear 1X ETF by 198.9% in the 4th quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock worth $1,137,000 after purchasing an additional 114,810 shares during the period. Advisory Services Network LLC bought a new position in Direxion Daily PLTR Bear 1X ETF in the 2nd quarter worth approximately $1,348,000. Finally, Susquehanna International Group LLP purchased a new stake in Direxion Daily PLTR Bear 1X ETF during the 3rd quarter valued at approximately $433,000.

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.