GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Down 6.3% – Time to Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) were down 6.3% during mid-day trading on Tuesday . The stock traded as low as $17.82 and last traded at $17.97. Approximately 2,661,174 shares traded hands during trading, a decline of 47% from the average daily volume of 5,029,718 shares. The stock had previously closed at $19.17.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The stock’s 50-day moving average price is $19.95 and its 200-day moving average price is $26.21.

GraniteShares 2x Long PLTR Daily ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors 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 dividend yield of 103.9%. The ex-dividend date was Monday, December 29th.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

A number of large investors have recently added to or reduced their stakes in PTIR. NewEdge Advisors LLC increased its stake in GraniteShares 2x Long PLTR Daily ETF by 167.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,570 shares of the company’s stock worth $1,140,000 after purchasing an additional 5,370 shares in the last quarter. Jane Street Group LLC lifted its stake in GraniteShares 2x Long PLTR Daily ETF by 53.3% during the first quarter. Jane Street Group LLC now owns 11,814 shares of the company’s stock valued at $1,571,000 after buying an additional 4,106 shares in the last quarter. AE Wealth Management LLC acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the second quarter worth about $249,000. SBI Securities Co. Ltd. boosted its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 22.2% in the second quarter. SBI Securities Co. Ltd. now owns 6,333 shares of the company’s stock worth $1,848,000 after buying an additional 1,152 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the second quarter worth approximately $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.