Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Gap Down – Time to Sell?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $30.91, but opened at $27.85. Direxion Daily PLTR Bull 2X Shares shares last traded at $33.44, with a volume of 2,258,797 shares trading hands.

Direxion Daily PLTR Bull 2X Shares Stock Up 8.1%

The business’s 50 day moving average is $33.96 and its 200-day moving average is $45.50.

Direxion Daily PLTR Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Simplex Trading LLC purchased a new position in Direxion Daily PLTR Bull 2X Shares in the 4th quarter valued at about $58,000. Hoey Investments Inc. raised its holdings in shares of Direxion Daily PLTR Bull 2X Shares by 724.0% during the first quarter. Hoey Investments Inc. now owns 2,060 shares of the company’s stock valued at $92,000 after acquiring an additional 1,810 shares during the last quarter. Wealth Watch Advisors INC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the third quarter valued at approximately $111,000. Kestra Private Wealth Services LLC purchased a new position in shares of Direxion Daily PLTR Bull 2X Shares in the third quarter valued at approximately $205,000. Finally, Jane Street Group LLC acquired a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the first quarter worth approximately $245,000.

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.