GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 6% – What’s Next?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIRGet Free Report) shares fell 6% on Wednesday . The company traded as low as $12.60 and last traded at $12.76. 4,938,975 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 4,853,490 shares. The stock had previously closed at $13.58.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The business has a 50-day simple moving average of $15.16 and a two-hundred day simple moving average of $20.55.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PTIR. NewEdge Advisors LLC increased its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 167.8% in the first quarter. NewEdge Advisors LLC now owns 8,570 shares of the company’s stock valued at $1,140,000 after buying an additional 5,370 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 53.3% in the first quarter. Jane Street Group LLC now owns 11,814 shares of the company’s stock valued at $1,571,000 after buying an additional 4,106 shares in the last quarter. XTX Topco Ltd bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the second quarter valued at $204,000. SG Americas Securities LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at $210,000. Finally, AE Wealth Management LLC increased its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 1,744.6% in the third quarter. AE Wealth Management LLC now owns 15,753 shares of the company’s stock valued at $511,000 after buying an additional 14,899 shares in the last quarter.

GraniteShares 2x Long PLTR Daily ETF Company Profile

(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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