Direxion Daily PLTR Bear 1X ETF (PLTD)

The Direxion Daily PLTR Bear 1X ETF (PLTD) is an inverse single-stock ETF from Direxion. It seeks daily investment results equal to negative one times, or the inverse of, the daily percentage change in the share price of Palantir Technologies.

The fund uses swaps and similar derivatives to obtain its short exposure and rebalances daily. Its objective applies to a single day, so over longer periods its results can differ from the simple inverse of Palantir's return due to compounding.

PLTD is listed on Nasdaq.