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

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) shares gapped up before the market opened on Monday . The stock had previously closed at $23.75, but opened at $25.74. GraniteShares 2x Long PLTR Daily ETF shares last traded at $25.4550, with a volume of 2,225,275 shares traded.

GraniteShares 2x Long PLTR Daily ETF Stock Up 7.4%

The company’s fifty day simple moving average is $29.88 and its two-hundred day simple moving average is $27.96.

GraniteShares 2x Long PLTR Daily ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were given a dividend of $1.5533 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 73.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC raised its stake in GraniteShares 2x Long PLTR Daily ETF by 1,400.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,500 shares of the company’s stock valued at $49,000 after buying an additional 1,400 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 3rd quarter worth $270,000. Financial Life Planners acquired a new position in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter valued at approximately $55,000. Group One Trading LLC purchased a new stake in GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at $35,000. Finally, Optiver Holding B.V. grew its position in shares of GraniteShares 2x Long PLTR Daily ETF by 415.1% during the 3rd quarter. Optiver Holding B.V. now owns 74,387 shares of the company’s stock valued at $2,414,000 after acquiring an additional 59,945 shares during the period.

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.