GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 6.7% – What’s Next?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) traded down 6.7% on Friday . The company traded as low as $219.51 and last traded at $220.28. Approximately 868,312 shares were traded during trading, an increase of 16% from the average session volume of 748,207 shares. The stock had previously closed at $236.22.

GraniteShares 2x Long PLTR Daily ETF Stock Down 3.0 %

The business’s 50 day moving average is $162.39 and its 200 day moving average is $145.05.

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

Institutional investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC increased its position in GraniteShares 2x Long PLTR Daily ETF by 33.0% during the first quarter. IMC Chicago LLC now owns 17,360 shares of the company’s stock worth $2,308,000 after purchasing an additional 4,311 shares during the last quarter. Optiver Holding B.V. acquired a new position in GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth $1,993,000. Simplex Trading LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth approximately $1,266,000. Jane Street Group LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth $1,011,000. Finally, SBI Securities Co. Ltd. lifted its stake in GraniteShares 2x Long PLTR Daily ETF by 104.0% during the first quarter. SBI Securities Co. Ltd. now owns 5,181 shares of the company’s stock worth $689,000 after purchasing an additional 2,641 shares during the last quarter.

About GraniteShares 2x Long PLTR Daily ETF

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.