Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Stock Price Up 2.1% – Still a Buy?

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTUGet Free Report)’s share price shot up 2.1% during mid-day trading on Thursday . The company traded as high as $90.32 and last traded at $89.89. 759,001 shares changed hands during trading, a decline of 75% from the average session volume of 3,040,729 shares. The stock had previously closed at $88.03.

Direxion Daily PLTR Bull 2X Shares Price Performance

The business has a fifty day moving average of $95.06 and a 200-day moving average of $82.00.

Direxion Daily PLTR Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were given a $0.3624 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Direxion Daily PLTR Bull 2X Shares’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, September 23rd.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC purchased a new stake in shares of Direxion Daily PLTR Bull 2X Shares during the third quarter valued at $205,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth about $1,733,000. Ausdal Financial Partners Inc. purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at about $466,000. TRUE Private Wealth Advisors purchased a new stake in Direxion Daily PLTR Bull 2X Shares during the third quarter valued at about $1,164,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares in the third quarter worth about $111,000.

Direxion Daily PLTR Bull 2X Shares Company Profile

(Get Free Report)

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.

Further Reading

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