Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Short Interest Down 66.7% in January

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 410,908 shares, a decrease of 66.7% from the January 15th total of 1,234,989 shares. Approximately 4.1% of the company’s shares are sold short. Based on an average daily volume of 1,656,774 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 1,656,774 shares, the short-interest ratio is currently 0.2 days. Approximately 4.1% of the company’s shares are sold short.

Direxion Daily PLTR Bull 2X Shares Stock Up 0.3%

Shares of NASDAQ:PLTU opened at $42.75 on Wednesday. Direxion Daily PLTR Bull 2X Shares has a 12-month low of $16.61 and a 12-month high of $128.04. The business has a fifty day simple moving average of $71.32 and a 200 day simple moving average of $84.78.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.5578 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $2.23 annualized dividend and a yield of 5.2%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at $466,000. TRUE Private Wealth Advisors acquired a new position in Direxion Daily PLTR Bull 2X Shares in the third quarter valued at $1,164,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at $1,733,000. J.W. Cole Advisors Inc. bought a new stake in Direxion Daily PLTR Bull 2X Shares during the second quarter valued at $236,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth about $1,087,000.

Direxion Daily PLTR Bull 2X Shares Company Profile

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.