GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Down 4.9% – Should You Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) were down 4.9% during mid-day trading on Wednesday . The stock traded as low as $18.37 and last traded at $18.95. Approximately 711,992 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 4,976,281 shares. The stock had previously closed at $19.93.

GraniteShares 2x Long PLTR Daily ETF Trading Up 15.4%

The stock’s fifty day moving average price is $14.67 and its 200 day moving average price is $14.80.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

Institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the second quarter worth $204,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF in the 3rd quarter worth about $35,000. CIBC Private Wealth Group LLC raised its position in GraniteShares 2x Long PLTR Daily ETF by 1,400.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,500 shares of the company’s stock worth $49,000 after buying an additional 1,400 shares during the last quarter. Parallel Advisors LLC raised its position in GraniteShares 2x Long PLTR Daily ETF by 188.5% in the 1st quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $25,000 after buying an additional 980 shares during the last quarter. Finally, Financial Life Planners bought a new position in GraniteShares 2x Long PLTR Daily ETF during the 1st quarter valued at about $50,000.

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.