GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Up 7.8% – Should You Buy?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)’s share price rose 7.8% during mid-day trading on Wednesday . The stock traded as high as $29.30 and last traded at $29.2170. Approximately 1,831,008 shares were traded during trading, a decline of 56% from the average daily volume of 4,172,659 shares. The stock had previously closed at $27.11.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The stock has a 50 day moving average price of $28.94 and a 200 day moving average price of $28.07.

GraniteShares 2x Long PLTR Daily ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were paid a dividend of $1.5533 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a yield of 70.6%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Group One Trading LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF during the third quarter worth about $35,000. CIBC Private Wealth Group LLC lifted its stake in shares of GraniteShares 2x Long PLTR Daily ETF by 1,400.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,500 shares of the company’s stock valued at $49,000 after buying an additional 1,400 shares in the last quarter. Financial Life Planners purchased a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at $55,000. XTX Topco Ltd purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the second quarter worth about $204,000. Finally, SG Americas Securities LLC bought a new position in GraniteShares 2x Long PLTR Daily ETF in the 3rd quarter valued at $210,000.

About GraniteShares 2x Long PLTR Daily ETF

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.