GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Gap Down – Time to Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIRGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $31.77, but opened at $29.60. GraniteShares 2x Long PLTR Daily ETF shares last traded at $28.7450, with a volume of 695,446 shares traded.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The firm’s 50 day simple moving average is $30.33 and its 200 day simple moving average is $27.74.

GraniteShares 2x Long PLTR Daily ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th will be issued a $1.5533 dividend. This represents a c) annualized dividend and a yield of 63.4%. The ex-dividend date of this dividend is Monday, December 29th.

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

A number of institutional investors have recently modified their holdings of the stock. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the third quarter worth about $35,000. CIBC Private Wealth Group LLC raised its position in 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 valued at $49,000 after acquiring an additional 1,400 shares in the last quarter. Financial Life Planners acquired a new position in GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at approximately $55,000. XTX Topco Ltd acquired a new position in GraniteShares 2x Long PLTR Daily ETF in the second quarter valued at approximately $204,000. Finally, SG Americas Securities LLC purchased a new stake in GraniteShares 2x Long PLTR Daily ETF in the 3rd quarter worth approximately $210,000.

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.

Further Reading

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