GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Up 17.8% – Time to Buy?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)’s stock price rose 17.8% during mid-day trading on Thursday . The company traded as high as $20.18 and last traded at $20.7530. 1,467,821 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 4,971,367 shares. The stock had previously closed at $17.61.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The company has a 50 day simple moving average of $14.43 and a 200 day simple moving average of $14.75.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its holdings in GraniteShares 2x Long PLTR Daily ETF by 20.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 100,121 shares of the company’s stock worth $2,676,000 after purchasing an additional 17,174 shares in the last quarter. Group One Trading LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF during the 1st quarter worth approximately $675,000. Renaissance Technologies LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF in the 1st quarter valued at approximately $570,000. Mariner LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the fourth quarter valued at $802,000. Finally, Vestor Capital LLC grew its stake in shares of GraniteShares 2x Long PLTR Daily ETF by 233.7% in the first quarter. Vestor Capital LLC now owns 24,762 shares of the company’s stock worth $405,000 after purchasing an additional 17,342 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.