GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading 8.6% Higher – Should You Buy?

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) shot up 8.6% during trading on Friday . The company traded as high as $20.46 and last traded at $20.41. 2,915,286 shares changed hands during trading, a decline of 42% from the average session volume of 5,059,744 shares. The stock had previously closed at $18.80.

GraniteShares 2x Long PLTR Daily ETF Stock Up 6.0%

The firm’s fifty day moving average price is $12.85 and its 200-day moving average price is $14.50.

Hedge Funds Weigh In On GraniteShares 2x Long PLTR Daily ETF

Several hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. raised its stake in shares of GraniteShares 2x Long PLTR Daily ETF by 20.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 100,121 shares of the company’s stock worth $2,676,000 after buying an additional 17,174 shares in the last quarter. Group One Trading LLC bought a new position in GraniteShares 2x Long PLTR Daily ETF during the first quarter valued at about $675,000. Renaissance Technologies LLC bought a new position in GraniteShares 2x Long PLTR Daily ETF during the first quarter valued at about $570,000. Mariner LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth about $802,000. Finally, Vestor Capital LLC grew its holdings in GraniteShares 2x Long PLTR Daily ETF by 233.7% during the first quarter. Vestor Capital LLC now owns 24,762 shares of the company’s stock worth $405,000 after acquiring an additional 17,342 shares during the period.

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.