GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Break Above Two Hundred Day Moving Average – Should You Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $16.41 and traded as high as $17.58. GraniteShares 2x Long PLTR Daily ETF shares last traded at $17.00, with a volume of 786,309 shares traded.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The stock has a 50-day moving average of $20.48 and a 200-day moving average of $16.37.

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

Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in GraniteShares 2x Long PLTR Daily ETF in the 1st quarter valued at $570,000. StoneX Group Inc. bought a new stake in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth about $703,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth about $467,000. Simplex Trading LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth about $36,000. Finally, AlphaStar Capital Management LLC acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth about $224,000.

About GraniteShares 2x Long PLTR Daily ETF

(Get Free Report)

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.

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