2x Long PLTR Daily ETF (NASDAQ:PLTG) Sees Significant Increase in Short Interest

2x Long PLTR Daily ETF (NASDAQ:PLTGGet Free Report) saw a significant increase in short interest in the month of 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. Approximately 15.6% of the shares of the company are short sold. Based on an average daily trading volume, of 549,480 shares, the days-to-cover ratio is currently 0.5 days.

2x Long PLTR Daily ETF Stock Performance

NASDAQ PLTG traded up $2.65 during trading hours on Friday, reaching $16.92. The company’s stock had a trading volume of 1,087,646 shares, compared to its average volume of 340,440. 2x Long PLTR Daily ETF has a 1-year low of $10.96 and a 1-year high of $44.95. The company’s 50-day moving average is $14.56 and its two-hundred day moving average is $20.79.

About 2x Long PLTR Daily ETF

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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.

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