Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Stock Price Down 2.8% – Here’s What Happened

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) shares traded down 2.8% during mid-day trading on Tuesday . The company traded as low as $7.55 and last traded at $7.67. Approximately 48,842,114 shares changed hands during trading, a decline of 3% from the average session volume of 50,427,027 shares. The stock had previously closed at $7.89.

Direxion Daily PLTR Bear 1X Shares Price Performance

The stock’s 50-day moving average price is $7.98 and its 200-day moving average price is $7.67.

Direxion Daily PLTR Bear 1X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.0376 per share. This represents a $0.15 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Trading of Direxion Daily PLTR Bear 1X Shares

Institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC grew its holdings in Direxion Daily PLTR Bear 1X Shares by 1,514.5% during the 4th quarter. IHT Wealth Management LLC now owns 1,792,070 shares of the company’s stock worth $11,810,000 after acquiring an additional 1,681,070 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily PLTR Bear 1X Shares in the 4th quarter valued at about $2,106,000. Jane Street Group LLC boosted its position in shares of Direxion Daily PLTR Bear 1X Shares by 198.9% during the 4th quarter. Jane Street Group LLC now owns 172,544 shares of the company’s stock valued at $1,137,000 after purchasing an additional 114,810 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Direxion Daily PLTR Bear 1X Shares during the second quarter worth approximately $1,348,000. Finally, Susquehanna International Group LLP acquired a new stake in Direxion Daily PLTR Bear 1X Shares during the third quarter worth approximately $433,000.

Direxion Daily PLTR Bear 1X Shares 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.