2x Long PLTR Daily ETF (NASDAQ:PLTG) Shares Shorted: Short Interest Down 42.6% in October

2x Long PLTR Daily ETF (NASDAQ:PLTG) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 74,888 shares, a decline of 42.6% from the September 30th total of 130,420 shares. Based on an average daily trading volume, of 83,180 shares, the days-to-cover ratio is presently 0.9 days. Approximately 4.3% of the shares of the stock are short sold.

2x Long PLTR Daily ETF Trading Down 12.2%

NASDAQ:PLTG traded down $2.58 during trading hours on Friday, hitting $18.53. The company’s stock had a trading volume of 77,253 shares, compared to its average volume of 292,847. 2x Long PLTR Daily ETF has a 52-week low of $7.54 and a 52-week high of $44.95. The business’s 50-day moving average is $19.93 and its two-hundred day moving average is $16.06.

Institutional Trading of 2x Long PLTR Daily ETF

A hedge fund recently raised its stake in 2x Long PLTR Daily ETF stock. SBI Securities Co. Ltd. boosted its stake in shares of 2x Long PLTR Daily ETF (NASDAQ:PLTG) by 174.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,992 shares of the company’s stock after buying an additional 1,267 shares during the quarter. SBI Securities Co. Ltd. owned 0.17% of 2x Long PLTR Daily ETF worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

2x Long PLTR Daily ETF Company Profile

The Leverage Shares 2x Long PLTR Daily ETF seeks to provide 2x daily leveraged exposure to Palantir Technologies Inc (PLTR) stock, minus fees and expenses. This ETF is designed for investors aiming to amplify their exposure to PLTR’s daily performance.