GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Hits New 12-Month High – Still a Buy?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $326.80 and last traded at $319.55, with a volume of 274810 shares. The stock had previously closed at $323.29.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The company has a fifty day simple moving average of $166.11.

Hedge Funds Weigh In On GraniteShares 2x Long PLTR Daily ETF

A number of institutional investors have recently made changes to their positions in PTIR. Optiver Holding B.V. acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the fourth quarter worth $1,993,000. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the fourth quarter worth $1,712,000. Simplex Trading LLC acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the fourth quarter worth $1,266,000. FSM Wealth Advisors LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at $335,000. Finally, Jane Street Group LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF in the fourth quarter valued at $1,011,000.

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.