Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Short Interest Down 64.6% in January

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 457,794 shares, a decrease of 64.6% from the January 15th total of 1,294,585 shares. Currently, 8.1% of the company’s shares are sold short. Based on an average daily volume of 36,397,438 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 36,397,438 shares, the days-to-cover ratio is presently 0.0 days. Currently, 8.1% of the company’s shares are sold short.

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

A number of hedge funds have recently made changes to their positions in the stock. Canton Hathaway LLC acquired a new stake in Direxion Daily PLTR Bear 1X Shares in the 4th quarter valued at approximately $51,000. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily PLTR Bear 1X Shares in the second quarter valued at $78,000. Benchmark Financial Wealth Advisors LLC acquired a new position in Direxion Daily PLTR Bear 1X Shares during the 2nd quarter worth about $104,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares during the 2nd quarter valued at about $118,000. Finally, Private Advisor Group LLC acquired a new position in Direxion Daily PLTR Bear 1X Shares in the 3rd quarter valued at about $122,000.

Direxion Daily PLTR Bear 1X Shares Stock Performance

Shares of PLTD opened at $8.11 on Wednesday. The company’s 50-day moving average price is $6.82 and its 200 day moving average price is $7.03. Direxion Daily PLTR Bear 1X Shares has a 12-month low of $5.87 and a 12-month high of $21.50.

Direxion Daily PLTR Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.0494 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, December 23rd.

About Direxion Daily PLTR Bear 1X Shares

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.