Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) Shares Up 6% – Here’s What Happened

Shares of Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) rose 6% on Wednesday . The stock traded as high as $32.38 and last traded at $32.00. Approximately 201,462 shares traded hands during trading, a decline of 87% from the average daily volume of 1,506,953 shares. The stock had previously closed at $30.19.

Defiance Daily Target 2X Short PLTR ETF Stock Performance

The firm has a 50-day simple moving average of $29.90 and a 200 day simple moving average of $29.23.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PLTZ. Optiver Holding B.V. acquired a new position in Defiance Daily Target 2X Short PLTR ETF during the third quarter worth approximately $49,000. Wealth Enhancement Advisory Services LLC acquired a new position in Defiance Daily Target 2X Short PLTR ETF during the third quarter worth approximately $70,000. XTX Topco Ltd acquired a new position in Defiance Daily Target 2X Short PLTR ETF during the fourth quarter worth approximately $412,000. Finally, Susquehanna International Group LLP increased its position in Defiance Daily Target 2X Short PLTR ETF by 1,723.8% during the third quarter. Susquehanna International Group LLP now owns 195,477 shares of the company’s stock worth $1,400,000 after buying an additional 184,759 shares during the period.

Defiance Daily Target 2X Short PLTR ETF Company Profile

Tidal Trust II – Defiance Daily Target 2X Short PLTR ETF is an exchange traded fund launched and managed by Tidal Investments LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. The fund employs short strategy and uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.