GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading 5.9% Higher – Should You Buy?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) traded up 5.9% on Wednesday . The stock traded as high as $31.61 and last traded at $31.6680. 1,949,749 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 9,453,194 shares. The stock had previously closed at $29.90.

GraniteShares 2x Long PLTR Daily ETF Stock Up 5.9%

The business’s 50 day simple moving average is $30.19 and its 200-day simple moving average is $26.44.

Institutional Investors Weigh In On GraniteShares 2x Long PLTR Daily ETF

A number of institutional investors have recently made changes to their positions in the stock. Group One Trading LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at about $35,000. CIBC Private Wealth Group LLC increased its stake in shares of GraniteShares 2x Long PLTR Daily ETF by 1,400.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,500 shares of the company’s stock valued at $49,000 after acquiring an additional 1,400 shares during the last quarter. Financial Life Planners acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the 3rd quarter valued at approximately $55,000. XTX Topco Ltd acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the 2nd quarter valued at approximately $204,000. Finally, SG Americas Securities LLC bought a new position in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth approximately $210,000.

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.