Short Interest in Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Grows By 105.5%

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 844,252 shares, a growth of 105.5% from the January 29th total of 410,908 shares. Currently, 8.4% of the shares of the company are sold short. Based on an average daily trading volume, of 4,172,985 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 4,172,985 shares, the days-to-cover ratio is currently 0.2 days. Currently, 8.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Direxion Daily PLTR Bull 2X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management increased its stake in shares of Direxion Daily PLTR Bull 2X Shares by 84.7% in the third quarter. Spire Wealth Management now owns 665 shares of the company’s stock worth $68,000 after purchasing an additional 305 shares in the last quarter. Simplex Trading LLC bought a new position in Direxion Daily PLTR Bull 2X Shares in the 4th quarter worth approximately $58,000. Wealth Watch Advisors INC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at approximately $111,000. Kestra Private Wealth Services LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the 3rd quarter valued at approximately $205,000. Finally, OMNI 360 Wealth Inc. bought a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter valued at $224,000.

Direxion Daily PLTR Bull 2X Shares Stock Performance

NASDAQ PLTU traded down $0.74 during trading hours on Friday, reaching $39.22. 1,055,512 shares of the company were exchanged, compared to its average volume of 2,303,697. Direxion Daily PLTR Bull 2X Shares has a 1 year low of $16.61 and a 1 year high of $128.04. The business’s 50 day simple moving average is $60.04 and its 200-day simple moving average is $80.54.

Direxion Daily PLTR Bull 2X Shares Cuts Dividend

The company also recently disclosed 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 of this dividend was Tuesday, December 23rd. This represents a $2.23 annualized dividend and a yield of 5.7%.

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.