GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 9.1% – Time to Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIRGet Free Report) shares were down 9.1% during mid-day trading on Tuesday . The company traded as low as $18.01 and last traded at $18.19. Approximately 1,974,715 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 4,943,988 shares. The stock had previously closed at $20.02.

GraniteShares 2x Long PLTR Daily ETF Stock Down 8.3%

The company has a 50 day moving average of $18.33 and a 200 day moving average of $25.78.

GraniteShares 2x Long PLTR Daily ETF Announces Dividend

The business also recently disclosed 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) dividend on an annualized basis and a dividend yield of 101.5%.

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

Institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at approximately $35,000. CIBC Private Wealth Group LLC raised its holdings in shares of 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 valued at $49,000 after buying an additional 1,400 shares during the last quarter. Financial Life Planners acquired a new position in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth about $55,000. XTX Topco Ltd acquired a new position in GraniteShares 2x Long PLTR Daily ETF during the 2nd quarter worth about $204,000. Finally, SG Americas Securities LLC acquired a new stake in GraniteShares 2x Long PLTR Daily ETF in the 3rd quarter valued at about $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.

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