Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) Stock Price Up 0.9% – Still a Buy?

Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD)’s stock price was up 0.9% during trading on Tuesday. The company traded as high as $4.69 and last traded at $4.61. Approximately 17,231,356 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 43,264,504 shares. The stock had previously closed at $4.57.

Direxion Daily PLTR Bear 1X ETF Price Performance

The firm’s 50 day simple moving average is $4.91 and its two-hundred day simple moving average is $6.73.

Direxion Daily PLTR Bear 1X ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were paid a dividend of $0.0406 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase 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.

Institutional Investors Weigh In On Direxion Daily PLTR Bear 1X ETF

An institutional investor recently bought a new stake in Direxion Daily PLTR Bear 1X ETF stock. Citadel Advisors LLC bought a new stake in shares of Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period.

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.