GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Gap Down – Should You Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) gapped down before the market opened on Monday . The stock had previously closed at $31.77, but opened at $29.60. GraniteShares 2x Long PLTR Daily ETF shares last traded at $28.7450, with a volume of 695,446 shares changing hands.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The stock has a fifty day moving average price of $30.33 and a 200-day moving average price of $27.74.

GraniteShares 2x Long PLTR Daily ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th will be paid a $1.5533 dividend. This represents a c) annualized dividend and a yield of 63.4%. The ex-dividend date is Monday, December 29th.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

Institutional investors have recently modified their holdings of the company. Jump Financial LLC boosted its stake in GraniteShares 2x Long PLTR Daily ETF by 134.5% in the first quarter. Jump Financial LLC now owns 4,979 shares of the company’s stock valued at $662,000 after acquiring an additional 2,856 shares in the last quarter. Hollencrest Capital Management increased its position in shares of GraniteShares 2x Long PLTR Daily ETF by 4,173.9% during the third quarter. Hollencrest Capital Management now owns 6,710 shares of the company’s stock worth $218,000 after purchasing an additional 6,553 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 1,209.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 82,947 shares of the company’s stock valued at $2,692,000 after purchasing an additional 76,614 shares during the last quarter. AE Wealth Management LLC boosted its position in shares of GraniteShares 2x Long PLTR Daily ETF by 1,744.6% in the 3rd quarter. AE Wealth Management LLC now owns 15,753 shares of the company’s stock worth $511,000 after purchasing an additional 14,899 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the 3rd quarter worth $227,000.

GraniteShares 2x Long PLTR Daily ETF Company Profile

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.