GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading 8.6% Higher – Still a Buy?

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) were up 8.6% on Monday . The company traded as high as $20.14 and last traded at $20.08. Approximately 2,955,273 shares were traded during trading, a decline of 43% from the average daily volume of 5,166,150 shares. The stock had previously closed at $18.49.

GraniteShares 2x Long PLTR Daily ETF Trading Up 7.0%

The stock has a 50 day moving average of $12.02 and a 200-day moving average of $14.69.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Group One Trading LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF in the first quarter valued at about $675,000. Renaissance Technologies LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the first quarter valued at $570,000. Mariner LLC acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the fourth quarter valued at about $802,000. Vestor Capital LLC increased its holdings in GraniteShares 2x Long PLTR Daily ETF by 233.7% in the 1st quarter. Vestor Capital LLC now owns 24,762 shares of the company’s stock worth $405,000 after buying an additional 17,342 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 20.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 100,121 shares of the company’s stock worth $2,676,000 after purchasing an additional 17,174 shares during 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.