Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $44.11 and traded as low as $41.56. Direxion Daily PLTR Bull 2X ETF shares last traded at $43.18, with a volume of 243,120 shares changing hands.

Direxion Daily PLTR Bull 2X ETF Price Performance

The business’s fifty day moving average price is $54.64 and its two-hundred day moving average price is $44.11.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PLTU. Turner Financial Group Inc. acquired a new stake in Direxion Daily PLTR Bull 2X ETF in the second quarter valued at approximately $317,000. StoneX Group Inc. purchased a new position in Direxion Daily PLTR Bull 2X ETF in the third quarter worth $2,465,000. Renaissance Technologies LLC purchased a new position in Direxion Daily PLTR Bull 2X ETF in the first quarter worth $682,000. Group One Trading LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X ETF during the third quarter worth $343,000. Finally, Optiver Holding B.V. increased its position in shares of Direxion Daily PLTR Bull 2X ETF by 96.2% during the first quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock worth $563,000 after purchasing an additional 6,205 shares in the last quarter.

About Direxion Daily PLTR Bull 2X ETF

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.