GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Down 14% – Here’s Why

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) shares fell 14% during trading on Tuesday . The stock traded as low as $13.34 and last traded at $13.59. 10,684,104 shares traded hands during trading, an increase of 116% from the average session volume of 4,943,474 shares. The stock had previously closed at $15.80.

GraniteShares 2x Long PLTR Daily ETF Trading Down 14.0%

The firm has a fifty day moving average price of $16.26 and a 200 day moving average price of $22.80.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 20.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 100,121 shares of the company’s stock valued at $2,676,000 after purchasing an additional 17,174 shares during the last quarter. Optiver Holding B.V. lifted its holdings 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 purchasing an additional 59,945 shares during the last quarter. Mariner LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the 4th quarter valued at $802,000. AlphaStar Capital Management LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the 4th quarter valued at $427,000. Finally, AE Wealth Management LLC lifted its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 1,744.6% during the 3rd quarter. AE Wealth Management LLC now owns 15,753 shares of the company’s stock valued at $511,000 after purchasing an additional 14,899 shares during 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.