GraniteShares 2x Long PLTR Daily ETF Target of Unusually High Options Trading (NASDAQ:PTIR)

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) was the recipient of unusually large options trading on Tuesday. Stock investors bought 3,753 call options on the company. This represents an increase of approximately 37% compared to the average volume of 2,737 call options.

GraniteShares 2x Long PLTR Daily ETF Stock Up 48.6%

PTIR stock traded up $5.14 during trading on Tuesday, hitting $15.72. 9,399,519 shares of the company traded hands, compared to its average volume of 5,062,229. The stock’s 50-day simple moving average is $11.86 and its 200 day simple moving average is $14.94. GraniteShares 2x Long PLTR Daily ETF has a 1 year low of $7.84 and a 1 year high of $40.78.

Hedge Funds Weigh In On GraniteShares 2x Long PLTR Daily ETF

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in GraniteShares 2x Long PLTR Daily ETF during the first quarter worth $570,000. Mariner LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF in the fourth quarter valued at $802,000. StoneX Group Inc. acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the fourth quarter worth about $345,000. CIBC Private Wealth Group LLC boosted 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 worth $49,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth about $270,000.

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.