GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading 10% Higher – Here’s Why

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) were up 10% during mid-day trading on Thursday . The company traded as high as $30.93 and last traded at $31.0830. Approximately 1,211,384 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 9,292,214 shares. The stock had previously closed at $28.27.

GraniteShares 2x Long PLTR Daily ETF Trading Up 9.2%

The stock has a 50-day moving average price of $30.04 and a two-hundred day moving average price of $26.96.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

Institutional investors have recently bought and sold shares of the stock. Group One Trading LLC bought a new stake in shares of 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 purchasing an additional 1,400 shares during the period. Financial Life Planners bought a new stake in GraniteShares 2x Long PLTR Daily ETF in the third quarter worth about $55,000. XTX Topco Ltd purchased a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the second quarter valued at approximately $204,000. Finally, SG Americas Securities LLC purchased a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the third quarter valued at approximately $210,000.

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.