GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 5% – Time to Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)’s stock price traded down 5% on Thursday . The stock traded as low as $150.66 and last traded at $151.83. 706,587 shares changed hands during trading, an increase of 14% from the average session volume of 619,641 shares. The stock had previously closed at $159.77.

GraniteShares 2x Long PLTR Daily ETF Trading Down 5.0 %

The stock has a fifty day moving average price of $176.38 and a two-hundred day moving average price of $114.69.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth approximately $1,993,000. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the fourth quarter valued at approximately $1,712,000. Simplex Trading LLC acquired a new stake in GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth approximately $1,266,000. Jane Street Group LLC bought a new position in GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth $1,011,000. Finally, Renaissance Technologies LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF in the 4th quarter valued at $538,000.

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.