GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Up 10% – Still a Buy?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIRGet Free Report) shares shot up 10% during trading on Thursday . The company traded as high as $30.93 and last traded at $31.0830. 1,211,384 shares traded hands during trading, a decline of 87% from the average session volume of 9,292,214 shares. The stock had previously closed at $28.27.

GraniteShares 2x Long PLTR Daily ETF Stock Up 9.2%

The firm has a 50 day moving average price of $30.04 and a 200-day moving average price of $26.96.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

A number of hedge funds have recently added to or reduced their stakes in PTIR. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth about $35,000. CIBC Private Wealth Group LLC raised its holdings in GraniteShares 2x Long PLTR Daily ETF by 1,400.0% in the 3rd 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 during the period. Financial Life Planners purchased a new position in GraniteShares 2x Long PLTR Daily ETF during the third quarter worth approximately $55,000. XTX Topco Ltd purchased a new position in GraniteShares 2x Long PLTR Daily ETF during the second quarter worth approximately $204,000. Finally, SG Americas Securities LLC acquired a new stake in GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at approximately $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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