GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Gap Up – Here’s Why

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) gapped up before the market opened on Friday . The stock had previously closed at $14.84, but opened at $15.78. GraniteShares 2x Long PLTR Daily ETF shares last traded at $17.40, with a volume of 11,077,970 shares traded.

GraniteShares 2x Long PLTR Daily ETF Trading Up 18.5%

The firm’s fifty day moving average is $15.07 and its 200 day moving average is $20.43.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 188.5% during the first quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $25,000 after purchasing an additional 980 shares during the period. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the third quarter worth approximately $35,000. CIBC Private Wealth Group LLC boosted its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 1,400.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,500 shares of the company’s stock worth $49,000 after purchasing an additional 1,400 shares during the period. Financial Life Planners acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the first quarter worth approximately $50,000. Finally, XTX Topco Ltd acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the second quarter worth approximately $204,000.

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.