GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Down 6.5% – Should You Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)’s share price traded down 6.5% during trading on Friday . The stock traded as low as $25.49 and last traded at $24.9990. 2,934,263 shares changed hands during trading, a decline of 68% from the average session volume of 9,060,883 shares. The stock had previously closed at $26.73.

GraniteShares 2x Long PLTR Daily ETF Stock Down 12.2%

The business’s 50 day moving average price is $30.06 and its two-hundred day moving average price is $27.84.

GraniteShares 2x Long PLTR Daily ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a dividend of $1.5533 per share. This represents a c) dividend on an annualized basis and a yield of 79.4%. The ex-dividend date of this dividend was Monday, December 29th.

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

Several large investors have recently made changes to their positions in PTIR. SBI Securities Co. Ltd. raised its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 1,209.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 82,947 shares of the company’s stock worth $2,692,000 after purchasing an additional 76,614 shares in the last quarter. Optiver Holding B.V. grew its position in GraniteShares 2x Long PLTR Daily ETF by 415.1% in the third quarter. Optiver Holding B.V. now owns 74,387 shares of the company’s stock worth $2,414,000 after buying an additional 59,945 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at $509,000. AE Wealth Management LLC lifted its position in shares of GraniteShares 2x Long PLTR Daily ETF by 1,744.6% during the 3rd quarter. AE Wealth Management LLC now owns 15,753 shares of the company’s stock valued at $511,000 after acquiring an additional 14,899 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth $270,000.

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.