GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Down 14.4% – What’s Next?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR – Get Free Report) fell 14.4% on Friday. The company traded as low as $20.14 and last traded at $20.50. Approximately 4,834,930 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 4,707,078 shares. The stock had previously closed at $23.96.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The stock’s 50 day moving average price is $20.35 and its 200 day moving average price is $15.70.

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

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in GraniteShares 2x Long PLTR Daily ETF in the 1st quarter valued at about $570,000. Parallel Advisors LLC boosted its position in shares of GraniteShares 2x Long PLTR Daily ETF by 188.5% in the first quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock valued at $25,000 after acquiring an additional 980 shares during the period. Vestor Capital LLC increased its position in GraniteShares 2x Long PLTR Daily ETF by 233.7% during the first quarter. Vestor Capital LLC now owns 24,762 shares of the company’s stock worth $405,000 after acquiring an additional 17,342 shares during the period. Group One Trading LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF in the 1st quarter valued at about $675,000. Finally, Financial Life Planners bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the first quarter worth approximately $50,000.

About GraniteShares 2x Long PLTR Daily ETF

(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.

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