2x Long PLTR Daily ETF (NASDAQ:PLTG) Sees Large Decrease in Short Interest

2x Long PLTR Daily ETF (NASDAQ:PLTG) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 34,187 shares, a drop of 76.0% from the July 30th total of 142,533 shares. Based on an average trading volume of 477,465 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.3% of the shares of the stock are sold short.

2x Long PLTR Daily ETF Stock Performance

NASDAQ:PLTG traded up $0.12 during trading hours on Friday, reaching $20.39. 103,504 shares of the company were exchanged, compared to its average volume of 348,795. 2x Long PLTR Daily ETF has a twelve month low of $7.54 and a twelve month high of $44.95. The stock’s 50-day moving average is $13.19 and its 200-day moving average is $14.12.

2x Long PLTR Daily ETF Company Profile

The Leverage Shares 2x Long PLTR Daily ETF seeks to provide 2x daily leveraged exposure to Palantir Technologies Inc (PLTR) stock, minus fees and expenses. This ETF is designed for investors aiming to amplify their exposure to PLTR’s daily performance.