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

2x Long PLTR Daily ETF (NASDAQ:PLTG) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 74,888 shares, a decrease of 42.6% from the September 30th total of 130,420 shares. Approximately 4.3% of the company’s shares are sold short. Based on an average daily trading volume, of 83,180 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On 2x Long PLTR Daily ETF

An institutional investor recently raised its position in 2x Long PLTR Daily ETF stock. SBI Securities Co. Ltd. raised its holdings in shares of 2x Long PLTR Daily ETF (NASDAQ:PLTG) by 174.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,992 shares of the company’s stock after purchasing an additional 1,267 shares during the quarter. SBI Securities Co. Ltd. owned 0.17% of 2x Long PLTR Daily ETF worth $40,000 at the end of the most recent reporting period.

2x Long PLTR Daily ETF Trading Down 6.3%

Shares of NASDAQ PLTG traded down $1.17 during midday trading on Monday, hitting $17.36. The company’s stock had a trading volume of 153,889 shares, compared to its average volume of 292,171. 2x Long PLTR Daily ETF has a 12-month low of $7.54 and a 12-month high of $44.95. The business’s 50 day moving average is $19.93 and its two-hundred day moving average is $16.06.

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.