2x Long PLTR Daily ETF (NASDAQ:PLTG) Sees Large Growth in Short Interest

2x Long PLTR Daily ETF (NASDAQ:PLTG) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 284,860 shares, an increase of 353.0% from the April 30th total of 62,882 shares. Approximately 15.6% of the company’s shares are short sold. Based on an average trading volume of 549,480 shares, the short-interest ratio is currently 0.5 days.

2x Long PLTR Daily ETF Trading Up 16.3%

Shares of PLTG stock opened at $14.27 on Friday. 2x Long PLTR Daily ETF has a 1-year low of $10.96 and a 1-year high of $44.95. The firm’s 50-day simple moving average is $14.57 and its 200-day simple moving average is $20.82.

2x Long PLTR Daily ETF Company Profile

The Leverage Shares 2x Long PLTR Daily ETF seeks to provide 2x daily leveraged exposure to Palantir Technologies Inc (PLTR) stock, minus fees and expenses. This ETF is designed for investors aiming to amplify their exposure to PLTR’s daily performance.