GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Up 10.6% – Should You Buy?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) shares rose 10.6% during mid-day trading on Monday . The stock traded as high as $19.75 and last traded at $19.55. Approximately 2,287,983 shares changed hands during trading, a decline of 54% from the average daily volume of 4,923,106 shares. The stock had previously closed at $17.67.

GraniteShares 2x Long PLTR Daily ETF Stock Down 7.4%

The firm has a fifty day moving average of $18.16 and a 200-day moving average of $25.74.

GraniteShares 2x Long PLTR Daily ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were paid a $1.5533 dividend. This represents a c) annualized dividend and a dividend yield of 100.6%. The ex-dividend date of this dividend was Monday, December 29th.

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

Several institutional investors have recently modified their holdings of PTIR. Mariner LLC bought a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth approximately $802,000. StoneX Group Inc. bought a new position in GraniteShares 2x Long PLTR Daily ETF in the fourth quarter valued at approximately $345,000. SBI Securities Co. Ltd. grew its holdings in GraniteShares 2x Long PLTR Daily ETF by 20.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 100,121 shares of the company’s stock worth $2,676,000 after acquiring an additional 17,174 shares during the period. AlphaStar Capital Management LLC acquired a new stake in GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth $427,000. Finally, CIBC Private Wealth Group LLC raised its position 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 acquiring an additional 1,400 shares during the last quarter.

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.