Direxion Daily PLTR Bear 1X Shares $PLTD Position Boosted by IMC Chicago LLC

IMC Chicago LLC boosted its position in shares of Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) by 527.6% in the second quarter, Holdings Channel.com reports. The firm owned 1,336,197 shares of the company’s stock after purchasing an additional 1,123,294 shares during the period. IMC Chicago LLC owned about 0.20% of Direxion Daily PLTR Bear 1X Shares worth $12,493,000 as of its most recent SEC filing.

Separately, Jump Financial LLC bought a new position in Direxion Daily PLTR Bear 1X Shares during the first quarter valued at approximately $3,332,000.

Direxion Daily PLTR Bear 1X Shares Stock Up 7.6%

PLTD stock opened at $7.09 on Monday. Direxion Daily PLTR Bear 1X Shares has a 1 year low of $6.55 and a 1 year high of $27.23. The company has a fifty day simple moving average of $7.45 and a 200 day simple moving average of $10.18.

Direxion Daily PLTR Bear 1X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a $0.0834 dividend. This is an increase from Direxion Daily PLTR Bear 1X Shares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.33 dividend on an annualized basis and a yield of 4.7%.

About Direxion Daily PLTR Bear 1X Shares

The Direxion Daily PLTR Bear 1X Shares (PLTD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Palantir Technologies Stock. PLTD was launched on Dec 11, 2024 and is issued by Direxion.