Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) Shares Down 6.6% – Time to Sell?

by · The Markets Daily

Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU – Get Free Report)’s stock price dropped 6.6% on Friday . The stock traded as low as $51.08 and last traded at $50.9610. Approximately 193,063 shares traded hands during trading, a decline of 93% from the average session volume of 2,692,814 shares. The stock had previously closed at $54.55.

Direxion Daily PLTR Bull 2X Shares Stock Down 7.8%

The firm has a fifty day moving average price of $39.36 and a 200 day moving average price of $40.05.

Institutional Trading of Direxion Daily PLTR Bull 2X Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in Direxion Daily PLTR Bull 2X Shares by 1.7% in the fourth quarter. UBS Group AG now owns 206,535 shares of the company’s stock valued at $15,189,000 after acquiring an additional 3,535 shares during the last quarter. Diversify Wealth Management LLC increased its stake in shares of Direxion Daily PLTR Bull 2X Shares by 33.4% during the 4th quarter. Diversify Wealth Management LLC now owns 20,009 shares of the company’s stock worth $1,475,000 after purchasing an additional 5,009 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 4th quarter worth about $1,356,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily PLTR Bull 2X Shares during the 3rd quarter worth about $1,733,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Direxion Daily PLTR Bull 2X Shares in the 1st quarter valued at about $682,000.

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.

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