GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 5% – Here’s What Happened

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) shares fell 5% during mid-day trading on Thursday . The stock traded as low as $150.66 and last traded at $151.83. 706,587 shares traded hands during trading, an increase of 14% from the average session volume of 619,641 shares. The stock had previously closed at $159.77.

GraniteShares 2x Long PLTR Daily ETF Stock Down 5.0 %

The firm has a fifty day moving average of $176.38 and a 200-day moving average of $114.69.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Jump Financial LLC bought a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth approximately $278,000. SBI Securities Co. Ltd. acquired a new stake in GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth $333,000. NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth $420,000. Renaissance Technologies LLC bought a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the 4th quarter valued at $538,000. Finally, Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 4th 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.