Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Shares Up 8.4% – Here’s What Happened

Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) shares were up 8.4% on Wednesday . The company traded as high as $60.25 and last traded at $59.8580. 603,332 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 2,564,332 shares. The stock had previously closed at $55.20.

Direxion Daily PLTR Bull 2X ETF Stock Up 7.1%

The business’s 50-day moving average price is $44.49 and its 200-day moving average price is $40.83.

Institutional Investors Weigh In On Direxion Daily PLTR Bull 2X ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLTU. Virtu Financial LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X ETF during the 4th quarter valued at $1,356,000. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X ETF in the first quarter worth $682,000. Turner Financial Group Inc. acquired a new position in shares of Direxion Daily PLTR Bull 2X ETF in the second quarter worth $317,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X ETF during the second quarter worth $49,000. Finally, Optiver Holding B.V. raised its holdings in shares of Direxion Daily PLTR Bull 2X ETF by 96.2% during the first quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock worth $563,000 after acquiring an additional 6,205 shares in the last quarter.

About Direxion Daily PLTR Bull 2X ETF

The Direxion Daily PLTR Bull 2X Shares (PLTU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTU was launched on Dec 11, 2024 and is issued by Direxion.