Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD) Trading Up 3.1% – Should You Buy?

Posted by Joseph Casey on Jun 12th, 2026

Direxion Daily PLTR Bear 1X Shares (NASDAQ:PLTD – Get Free Report) shares were up 3.1% during mid-day trading on Tuesday . The stock traded as high as $8.23 and last traded at $7.96. Approximately 31,112,645 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 51,208,797 shares. The stock had previously closed at $7.72.

Direxion Daily PLTR Bear 1X Shares Price Performance

The firm has a 50-day moving average price of $7.71 and a 200-day moving average price of $7.39.

Direxion Daily PLTR Bear 1X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.0572 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, March 24th. This is an increase from Direxion Daily PLTR Bear 1X Shares’s previous quarterly dividend of $0.05.

Hedge Funds Weigh In On Direxion Daily PLTR Bear 1X Shares

A number of hedge funds have recently added to or reduced their stakes in PLTD. Canton Hathaway LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the 4th quarter worth about $51,000. OLD Mission Capital LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the 4th quarter worth about $77,000. Headlands Technologies LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the 2nd quarter worth about $78,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the 2nd quarter worth about $118,000. Finally, Private Advisor Group LLC purchased a new position in Direxion Daily PLTR Bear 1X Shares in the 3rd quarter worth about $122,000.

About Direxion Daily PLTR Bear 1X Shares

(Get Free Report)

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.