GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Up 8.6% – Should You Buy?

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) rose 8.6% during trading on Friday . The stock traded as high as $20.46 and last traded at $20.41. 2,915,286 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 5,059,744 shares. The stock had previously closed at $18.80.

GraniteShares 2x Long PLTR Daily ETF Trading Up 6.8%

The firm’s fifty day moving average is $13.02 and its two-hundred day moving average is $14.53.

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

A number of hedge funds and other institutional investors have recently modified their holdings of PTIR. Parallel Advisors LLC grew its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 188.5% in the first quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock valued at $25,000 after acquiring an additional 980 shares in the last quarter. Group One Trading LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF during the third quarter worth $35,000. CIBC Private Wealth Group LLC boosted its position in GraniteShares 2x Long PLTR Daily ETF by 1,400.0% in the third 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 last quarter. Financial Life Planners purchased a new position in GraniteShares 2x Long PLTR Daily ETF in the first quarter worth $50,000. Finally, XTX Topco Ltd bought a new position in GraniteShares 2x Long PLTR Daily ETF in the 2nd quarter valued at $204,000.

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.