Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Stock Price Up 2.3% – Time to Buy?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s share price were up 2.3% on Thursday . The company traded as high as $108.45 and last traded at $107.01. 1,309,172 shares traded hands during trading, a decline of 60% from the average session volume of 3,303,989 shares. The stock had previously closed at $104.61.

Direxion Daily PLTR Bull 2X Shares Stock Up 2.3%

The firm’s fifty day moving average is $89.75 and its 200 day moving average is $64.16.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were given a $0.3624 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a $1.45 annualized dividend and a yield of 1.4%. This is a positive change from Direxion Daily PLTR Bull 2X Shares’s previous quarterly dividend of $0.32.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at about $64,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at about $206,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 2nd quarter valued at about $236,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at about $245,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the 1st quarter valued at about $281,000.

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.