GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 7.8% – Time to Sell?

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) were down 7.8% during mid-day trading on Wednesday . The stock traded as low as $31.50 and last traded at $31.1220. Approximately 1,645,480 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 9,983,162 shares. The stock had previously closed at $33.77.

GraniteShares 2x Long PLTR Daily ETF Trading Down 7.0%

The stock’s fifty day moving average price is $31.05 and its two-hundred day moving average price is $25.01.

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

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. raised its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 104.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 5,181 shares of the company’s stock worth $689,000 after buying an additional 2,641 shares in the last quarter. Hollencrest Capital Management boosted its stake in GraniteShares 2x Long PLTR Daily ETF by 605.2% in the first quarter. Hollencrest Capital Management now owns 1,079 shares of the company’s stock valued at $143,000 after buying an additional 926 shares in the last quarter. Vestor Capital LLC grew its position in GraniteShares 2x Long PLTR Daily ETF by 45.7% in the first quarter. Vestor Capital LLC now owns 2,510 shares of the company’s stock valued at $334,000 after acquiring an additional 787 shares during the last quarter. Flow Traders U.S. LLC grew its position in GraniteShares 2x Long PLTR Daily ETF by 948.9% in the first quarter. Flow Traders U.S. LLC now owns 36,752 shares of the company’s stock valued at $4,887,000 after acquiring an additional 33,248 shares during the last quarter. Finally, Jump Financial LLC raised its stake in GraniteShares 2x Long PLTR Daily ETF by 134.5% during the first quarter. Jump Financial LLC now owns 4,979 shares of the company’s stock worth $662,000 after acquiring an additional 2,856 shares in the last quarter.

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.