StoneX Group Inc. Makes New $1.92 Million Investment in Direxion Daily PLTR Bear 1X ETF $PLTD

StoneX Group Inc. bought a new position in shares of Direxion Daily PLTR Bear 1X ETF (NASDAQ:PLTD) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 400,653 shares of the company’s stock, valued at approximately $1,917,000. StoneX Group Inc. owned approximately 7.03% of Direxion Daily PLTR Bear 1X ETF at the end of the most recent quarter.

Separately, Citadel Advisors LLC bought a new stake in Direxion Daily PLTR Bear 1X ETF during the 2nd quarter worth approximately $205,000.

Direxion Daily PLTR Bear 1X ETF Stock Performance

PLTD stock opened at $5.46 on Monday. The stock has a 50-day moving average price of $4.83 and a two-hundred day moving average price of $6.86. Direxion Daily PLTR Bear 1X ETF has a 1 year low of $4.20 and a 1 year high of $9.73.

Direxion Daily PLTR Bear 1X ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were given a $0.0406 dividend. This is a boost from Direxion Daily PLTR Bear 1X ETF’s previous quarterly dividend of $0.0376. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 22nd.

About Direxion Daily PLTR Bear 1X ETF

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.