Palantir and Berkshire Hathaway continue to confound investors with eye-popping returns in their respective ways. Short-term traders now have the ability play the market fluctuations in these names with single-stock ETFs.
As part of their broad lineup of single-stock ETFs as well as other leveraged/inverse ETF products, Direxion now gives traders the ability to get double exposure to Palantir and Bershire Hathaway. Additionally, adding an inverse component allows traders to extract profit from a declining stock price. It’s made available with the Direxion Daily PLTR Bull 2X Shares (PLTU) / Direxion Daily PLTR Bear 1X Shares (PLTD) for the former. And it’s available for the latter with Daily BRKB Bull 2X Shares (BRKU) / Direxion Daily BRKB Bear 1X Shares (BRKD).
Palantir has been a stellar performer, rising over 300% this year. In the data-fueled world of today, the company is poised to build off the growth in big data. Furthermore, the stock has a beta coefficient of over 2. That makes it an ideal choice for short-term traders as well. Given the increased volatility, it’s ideal that Direxion offers a bullish and bearish play. That allows traders to maximize their opportunities in Palantir’s stock irrespective of whether it heads up or down.
Leveraging ‘The Oracle of Omaha’
With famed investor Warren Buffett still at the helm, Berkshire Hathaway also continues to confound investors with strong performances over a long-term horizon. That amounts to more than an 1,800% return since May 1996. Berkshire typifies an ideal solution for long-term investors focused on value. That’s especially so with the Class B shares making them more accessible to the retail consumer.
With a beta coefficient of under 1, Berkshire isn’t as volatile as Palantir. But that doesn’t mean it’s immune to market fluctuations. With the creation of BRKU and BRKD, it’s essentially the first of its kind. It’s a leveraged/inverse product for Berkshire Hathaway. Now, short-term traders can access the stock market prowess of Buffett and capitalize on near-term market moves in Berkshire’s stock.
Direxion has always been at the forefront of creating these types of trading solutions for short-term traders or other tactical investors adept at using leveraged/inverse ETFs.
“Direxion’s commitment to continuous innovation in the ETF industry is one of the many reasons I joined the team,” said Direxion CEO Douglas Yones, who recently joined Direxion.
He added that the inclusion of the Palantir and Berkshire products from Direxion only builds on “that legacy as we continue creating fresh, impactful ETF solutions for short-term traders.”
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