GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 5% – What’s Next?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)’s share price were down 5% during trading on Thursday . The stock traded as low as $150.66 and last traded at $151.83. Approximately 706,587 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 619,641 shares. The stock had previously closed at $159.77.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The stock has a 50 day moving average price of $176.83 and a 200 day moving average price of $115.43.

Institutional Investors Weigh In On GraniteShares 2x Long PLTR Daily ETF

Hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the fourth quarter valued at $278,000. SBI Securities Co. Ltd. bought a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the fourth quarter worth $333,000. NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long PLTR Daily ETF in the fourth quarter valued at $420,000. Renaissance Technologies LLC bought a new position in GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth $538,000. Finally, Jane Street Group LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth about $1,011,000.

GraniteShares 2x Long PLTR Daily ETF Company Profile

The GraniteShares 2x Long PLTR Daily ETF (PTIR) 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 Inc stock. PTIR was launched on Sep 3, 2024 and is issued by GraniteShares.