GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Up 6.2% – Here’s Why

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)’s share price shot up 6.2% on Friday . The company traded as high as $24.22 and last traded at $24.3910. 1,398,471 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 3,208,215 shares. The stock had previously closed at $22.97.

GraniteShares 2x Long PLTR Daily ETF Stock Up 4.3%

The stock has a 50 day moving average price of $27.58 and a 200 day moving average price of $28.40.

GraniteShares 2x Long PLTR Daily ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were paid a dividend of $1.5533 per share. This represents a c) dividend on an annualized basis and a dividend yield of 77.8%. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PTIR. NewEdge Advisors LLC increased its position in GraniteShares 2x Long PLTR Daily ETF by 167.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,570 shares of the company’s stock valued at $1,140,000 after acquiring an additional 5,370 shares during the period. Jane Street Group LLC grew its stake in shares of GraniteShares 2x Long PLTR Daily ETF by 53.3% in the first quarter. Jane Street Group LLC now owns 11,814 shares of the company’s stock worth $1,571,000 after purchasing an additional 4,106 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the second quarter worth $249,000. SBI Securities Co. Ltd. increased its holdings in GraniteShares 2x Long PLTR Daily ETF by 22.2% in the second quarter. SBI Securities Co. Ltd. now owns 6,333 shares of the company’s stock valued at $1,848,000 after purchasing an additional 1,152 shares during the period. Finally, XTX Topco Ltd bought a new position in GraniteShares 2x Long PLTR Daily ETF during the 2nd quarter worth $204,000.

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.