GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Up 0.6% – Still a Buy?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR – Get Free Report) rose 0.6% during trading on Thursday. The company traded as high as $22.82 and last traded at $22.30. 3,312,349 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 4,847,283 shares. The stock had previously closed at $22.17.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The stock has a 50 day moving average price of $17.18 and a two-hundred day moving average price of $15.21.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF in the first quarter worth approximately $570,000. Financial Life Planners acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the 1st quarter worth $50,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the 1st quarter valued at $675,000. Vestor Capital LLC raised its holdings in GraniteShares 2x Long PLTR Daily ETF by 233.7% during the first quarter. Vestor Capital LLC now owns 24,762 shares of the company’s stock valued at $405,000 after buying an additional 17,342 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of GraniteShares 2x Long PLTR Daily ETF by 188.5% during the 1st quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $25,000 after acquiring an additional 980 shares in the last quarter.

GraniteShares 2x Long PLTR Daily ETF Company Profile

(Get Free Report)

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.

Further Reading

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