Short Interest in GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Increases By 144.1%

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,810,000 shares, a growth of 144.1% from the August 31st total of 741,400 shares. Based on an average daily volume of 4,979,400 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 4,979,400 shares, the short-interest ratio is presently 0.4 days.

GraniteShares 2x Long PLTR Daily ETF Stock Down 14.8%

Shares of PTIR opened at $29.03 on Friday. The business’s 50-day moving average is $28.53 and its two-hundred day moving average is $20.54. GraniteShares 2x Long PLTR Daily ETF has a fifty-two week low of $2.60 and a fifty-two week high of $36.34.

Institutional Investors Weigh In On GraniteShares 2x Long PLTR Daily ETF

Several hedge funds have recently modified their holdings of the company. Hollencrest Capital Management lifted its stake in GraniteShares 2x Long PLTR Daily ETF by 605.2% in the 1st quarter. Hollencrest Capital Management now owns 1,079 shares of the company’s stock valued at $143,000 after buying an additional 926 shares in the last quarter. XTX Topco Ltd purchased a new position in GraniteShares 2x Long PLTR Daily ETF in the 2nd quarter valued at about $204,000. AE Wealth Management LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF in the 2nd quarter worth approximately $249,000. Vestor Capital LLC lifted its stake in GraniteShares 2x Long PLTR Daily ETF by 45.7% in the 1st quarter. Vestor Capital LLC now owns 2,510 shares of the company’s stock worth $334,000 after purchasing an additional 787 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in GraniteShares 2x Long PLTR Daily ETF by 134.5% in the 1st quarter. Jump Financial LLC now owns 4,979 shares of the company’s stock worth $662,000 after purchasing an additional 2,856 shares in the last quarter.

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.