GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Down 6.9% – Here’s Why

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) were down 6.9% during mid-day trading on Friday . The company traded as low as $29.67 and last traded at $29.5910. Approximately 760,733 shares changed hands during trading, a decline of 92% from the average daily volume of 9,396,605 shares. The stock had previously closed at $31.77.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The firm has a 50-day moving average price of $30.11 and a 200-day moving average price of $26.52.

Institutional Investors Weigh In On GraniteShares 2x Long PLTR Daily ETF

A number of large investors have recently bought and sold shares of the business. Jump Financial LLC increased its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 134.5% during the 1st quarter. Jump Financial LLC now owns 4,979 shares of the company’s stock valued at $662,000 after acquiring an additional 2,856 shares during the last quarter. Flow Traders U.S. LLC raised its position in shares of GraniteShares 2x Long PLTR Daily ETF by 948.9% in the first quarter. Flow Traders U.S. LLC now owns 36,752 shares of the company’s stock valued at $4,887,000 after purchasing an additional 33,248 shares during the period. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the third quarter worth $35,000. Financial Life Planners acquired a new position in GraniteShares 2x Long PLTR Daily ETF in the 3rd quarter valued at $55,000. Finally, Optiver Holding B.V. raised its holdings in GraniteShares 2x Long PLTR Daily ETF by 415.1% in the 3rd quarter. Optiver Holding B.V. now owns 74,387 shares of the company’s stock worth $2,414,000 after acquiring an additional 59,945 shares during the period.

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.