GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading 8.6% Higher – Should You Buy?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIRGet Free Report)’s stock price were up 8.6% during trading on Monday . The company traded as high as $20.14 and last traded at $20.08. 2,955,273 shares traded hands during trading, a decline of 43% from the average daily volume of 5,166,150 shares. The stock had previously closed at $18.49.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The company’s 50-day moving average price is $12.02 and its 200-day moving average price is $14.69.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. lifted its position in GraniteShares 2x Long PLTR Daily ETF by 20.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 100,121 shares of the company’s stock worth $2,676,000 after buying an additional 17,174 shares in the last quarter. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the first quarter valued at about $675,000. Renaissance Technologies LLC purchased a new stake in GraniteShares 2x Long PLTR Daily ETF in the first quarter valued at approximately $570,000. Mariner LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF during the 4th quarter valued at about $802,000. Finally, Vestor Capital LLC grew 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 in the last quarter.

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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