GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 2.3% – What’s Next?

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) were down 2.3% on Thursday . The stock traded as low as $9.84 and last traded at $10.26. 2,332,555 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 5,066,891 shares. The stock had previously closed at $10.50.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The business’s 50-day simple moving average is $12.30 and its 200 day simple moving average is $15.74.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in shares of GraniteShares 2x Long PLTR Daily ETF by 167.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,570 shares of the company’s stock valued at $1,140,000 after purchasing an additional 5,370 shares during the period. Jane Street Group LLC boosted its stake in GraniteShares 2x Long PLTR Daily ETF by 53.3% during 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 acquired a new position in GraniteShares 2x Long PLTR Daily ETF during the second quarter worth about $204,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF in the third quarter worth about $35,000. Finally, Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF in the third quarter worth about $270,000.

About GraniteShares 2x Long PLTR Daily ETF

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.