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

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) gapped up before the market opened on Tuesday . The stock had previously closed at $18.09, but opened at $22.25. GraniteShares 2x Long PLTR Daily ETF shares last traded at $19.7710, with a volume of 3,030,592 shares traded.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The company’s 50 day moving average is $26.76 and its 200 day moving average is $28.32.

GraniteShares 2x Long PLTR Daily ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors 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) dividend on an annualized basis and a yield of 137.2%.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

Several institutional investors have recently modified their holdings of PTIR. SBI Securities Co. Ltd. lifted its position in GraniteShares 2x Long PLTR Daily ETF by 20.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 100,121 shares of the company’s stock worth $2,676,000 after purchasing an additional 17,174 shares during the period. AlphaStar Capital Management LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF in the fourth quarter valued at about $427,000. CIBC Private Wealth Group LLC raised its position in GraniteShares 2x Long PLTR Daily ETF by 1,400.0% in the third quarter. CIBC Private Wealth Group LLC now owns 1,500 shares of the company’s stock worth $49,000 after purchasing an additional 1,400 shares in the last quarter. Flow Traders U.S. LLC bought a new position in GraniteShares 2x Long PLTR Daily ETF during the third quarter worth about $270,000. Finally, Financial Life Planners acquired a new stake in GraniteShares 2x Long PLTR Daily ETF during the third quarter valued at approximately $55,000.

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.