Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Trading Down 8.1% – Here’s What Happened

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) shares fell 8.1% on Tuesday . The stock traded as low as $48.30 and last traded at $50.35. 1,119,451 shares were traded during mid-day trading, a decline of 50% from the average session volume of 2,253,146 shares. The stock had previously closed at $54.78.

Direxion Daily PLTR Bull 2X Shares Price Performance

The firm’s 50-day moving average price is $50.25 and its 200-day moving average price is $76.09.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of PLTU. Jane Street Group LLC bought a new position in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter worth $245,000. J.W. Cole Advisors Inc. bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 2nd quarter valued at $236,000. Diversify Wealth Management LLC lifted its holdings in Direxion Daily PLTR Bull 2X Shares by 50.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 15,000 shares of the company’s stock worth $921,000 after purchasing an additional 5,000 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth about $224,000. Finally, Spire Wealth Management boosted its stake in Direxion Daily PLTR Bull 2X Shares by 84.7% in the 3rd quarter. Spire Wealth Management now owns 665 shares of the company’s stock worth $68,000 after purchasing an additional 305 shares during the period.

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.