GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 9.1% – What’s Next?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) dropped 9.1% during trading on Tuesday . The stock traded as low as $18.01 and last traded at $18.19. Approximately 1,974,715 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 4,943,988 shares. The stock had previously closed at $20.02.

GraniteShares 2x Long PLTR Daily ETF Trading Up 0.3%

The stock’s 50-day simple moving average is $18.00 and its two-hundred day simple moving average is $25.69.

GraniteShares 2x Long PLTR Daily ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were given a dividend of $1.5533 per share. This represents a c) annualized dividend and a dividend yield of 100.3%. The ex-dividend date was Monday, December 29th.

Institutional Investors Weigh In On GraniteShares 2x Long PLTR Daily ETF

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in GraniteShares 2x Long PLTR Daily ETF by 167.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,570 shares of the company’s stock worth $1,140,000 after buying an additional 5,370 shares in the last quarter. Jane Street Group LLC lifted its position in shares of GraniteShares 2x Long PLTR Daily ETF by 53.3% in the first quarter. Jane Street Group LLC now owns 11,814 shares of the company’s stock valued at $1,571,000 after acquiring an additional 4,106 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the second quarter worth approximately $204,000. SG Americas Securities LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the third quarter worth approximately $210,000. Finally, AE Wealth Management LLC increased its position in shares of GraniteShares 2x Long PLTR Daily ETF by 1,744.6% during the third 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.

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.