Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) Short Interest Down 48.0% in August

Direxion Daily PLTR Bull 2X ETF (NASDAQ:PLTU) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 755,761 shares, a drop of 48.0% from the August 15th total of 1,453,990 shares. Based on an average trading volume of 1,039,332 shares, the days-to-cover ratio is currently 0.7 days. Approximately 5.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Direxion Daily PLTR Bull 2X ETF in the 4th quarter valued at approximately $1,356,000. Renaissance Technologies LLC bought a new stake in Direxion Daily PLTR Bull 2X ETF during the 1st quarter worth approximately $682,000. Optiver Holding B.V. increased its position in Direxion Daily PLTR Bull 2X ETF by 96.2% in the 1st quarter. Optiver Holding B.V. now owns 12,658 shares of the company’s stock valued at $563,000 after acquiring an additional 6,205 shares during the period. Turner Financial Group Inc. acquired a new position in Direxion Daily PLTR Bull 2X ETF in the 2nd quarter valued at approximately $317,000. Finally, Hoey Investments Inc. raised its stake in shares of Direxion Daily PLTR Bull 2X ETF 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.

Direxion Daily PLTR Bull 2X ETF Price Performance

PLTU traded up $0.97 on Wednesday, reaching $49.35. The stock had a trading volume of 562,540 shares, compared to its average volume of 2,619,413. Direxion Daily PLTR Bull 2X ETF has a fifty-two week low of $21.04 and a fifty-two week high of $128.04. The firm has a 50-day moving average of $42.74 and a 200-day moving average of $40.63.

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.