2x Long PLTR Daily ETF (NASDAQ:PLTG) Short Interest Up 407.5% in August

2x Long PLTR Daily ETF (NASDAQ:PLTG) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 173,500 shares, a growth of 407.5% from the August 15th total of 34,187 shares. Approximately 6.5% of the shares of the stock are sold short. Based on an average daily volume of 129,232 shares, the short-interest ratio is currently 1.3 days.

2x Long PLTR Daily ETF Stock Up 0.9%

NASDAQ:PLTG traded up $0.15 during trading hours on Friday, hitting $16.05. 50,917 shares of the stock were exchanged, compared to its average volume of 336,924. 2x Long PLTR Daily ETF has a twelve month low of $7.54 and a twelve month high of $44.95. The company’s 50 day moving average is $14.74 and its two-hundred day moving average is $14.35.

About 2x Long PLTR Daily ETF

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.