Short Interest in 2x Long PLTR Daily ETF (NASDAQ:PLTG) Expands By 407.5%

2x Long PLTR Daily ETF (NASDAQ:PLTG) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 173,500 shares, a growth of 407.5% from the August 15th total of 34,187 shares. Approximately 6.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 129,232 shares, the short-interest ratio is currently 1.3 days.

2x Long PLTR Daily ETF Price Performance

2x Long PLTR Daily ETF stock traded up $0.20 during midday trading on Friday, hitting $16.10. 71,112 shares of the company’s stock were exchanged, compared to its average volume of 337,075. The stock has a 50-day moving average price of $14.84 and a two-hundred day moving average price of $14.36. 2x Long PLTR Daily ETF has a 52-week low of $7.54 and a 52-week high of $44.95.

About 2x Long PLTR Daily ETF

The Leverage Shares 2x Long PLTR Daily ETF seeks to provide 2x daily leveraged exposure to Palantir Technologies Inc (PLTR) stock, minus fees and expenses. This ETF is designed for investors aiming to amplify their exposure to PLTR’s daily performance.