GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading 16.7% Higher – Should You Buy?

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) rose 16.7% during trading on Monday . The stock traded as high as $33.88 and last traded at $34.53. Approximately 2,597,938 shares changed hands during trading, a decline of 74% from the average daily volume of 10,028,398 shares. The stock had previously closed at $29.58.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The firm has a 50-day moving average price of $30.66 and a 200 day moving average price of $24.73.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management boosted its stake in shares of GraniteShares 2x Long PLTR Daily ETF by 605.2% during the first quarter. Hollencrest Capital Management now owns 1,079 shares of the company’s stock valued at $143,000 after purchasing an additional 926 shares in the last quarter. XTX Topco Ltd bought a new position in GraniteShares 2x Long PLTR Daily ETF during the second quarter worth $204,000. SG Americas Securities LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 3rd quarter worth about $210,000. New Millennium Group LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at approximately $227,000. Finally, AE Wealth Management LLC acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the 2nd quarter valued at $249,000.

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.