PLTU

Direxion Daily PLTR Bull 2X Shares

$87.31

+0.00%

Market closed. Last update: 11:41 PM ET

📎 Investment Objective

The Direxion Daily PLTR Bull 2X Shares (PLTU) seeks to provide 2x the daily return of the common stock of Palantir Technologies Inc. (PLTR).

Overview

ETF tracking Direxion Daily PLTR Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-12-11

Market Cap $530.4M

Average Volume N/A

Dividend Yield 0.95%

52-Week Range $20.13 - $128.01

VWAP $85.44

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily PLTR Bull 2X Shares (PLTU) seeks to provide 2x the daily return of the common stock of Palantir Technologies Inc. (PLTR).

🎯 Investment Strategy

PLTU is a leveraged ETF that uses derivatives and other financial instruments to amplify the daily performance of the PLTR stock. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily return of the PLTR stock
Utilizes leverage and derivatives to magnify performance
Resets exposure daily, not designed for long-term holding
Relatively new ETF with limited performance history

⚠️ Primary Risks

Significant risk of loss due to the effects of compounding and daily reset
Volatility risk as the fund's performance can diverge significantly from the underlying asset over time
Counterparty risk associated with the derivatives used to obtain leverage
Lack of long-term performance history to evaluate

👤 Best For

PLTU is a highly speculative investment and is only suitable for experienced, risk-tolerant investors with a very short-term investment horizon who understand the risks of leveraged and volatile ETFs. It is not recommended for long-term or buy-and-hold investors.