GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Sees Large Decrease in Short Interest

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 1,347,576 shares, a decrease of 50.1% from the May 14th total of 2,701,936 shares. Currently, 4.7% of the company’s stock are sold short. Based on an average daily volume of 5,434,119 shares, the short-interest ratio is currently 0.2 days.

GraniteShares 2x Long PLTR Daily ETF Price Performance

GraniteShares 2x Long PLTR Daily ETF stock opened at $11.56 on Friday. GraniteShares 2x Long PLTR Daily ETF has a 1-year low of $11.31 and a 1-year high of $40.78. The business has a fifty day moving average price of $14.39 and a 200-day moving average price of $19.47.

Hedge Funds Weigh In On GraniteShares 2x Long PLTR Daily ETF

Hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long PLTR Daily ETF by 415.1% in 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. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 1st quarter valued at $675,000. Renaissance Technologies LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF in the 1st quarter worth $570,000. Mariner LLC acquired a new stake in GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth about $802,000. Finally, Vestor Capital LLC increased its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 233.7% in the first quarter. Vestor Capital LLC now owns 24,762 shares of the company’s stock valued at $405,000 after purchasing an additional 17,342 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.