2x Long PLTR Daily ETF (NASDAQ:PLTG) Sees Large Growth in Short Interest

2x Long PLTR Daily ETF (NASDAQ:PLTG) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 284,860 shares, an increase of 353.0% from the April 30th total of 62,882 shares. Currently, 15.6% of the company’s shares are sold short. Based on an average daily volume of 549,480 shares, the days-to-cover ratio is currently 0.5 days.

2x Long PLTR Daily ETF Price Performance

PLTG opened at $14.27 on Friday. The firm has a 50 day moving average price of $14.57 and a 200 day moving average price of $20.82. 2x Long PLTR Daily ETF has a 1 year low of $10.96 and a 1 year high of $44.95.

2x Long PLTR Daily ETF Company Profile

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.