GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 5.7% – Time to Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) shares fell 5.7% on Friday . The company traded as low as $24.90 and last traded at $24.7380. 1,642,621 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 2,990,956 shares. The stock had previously closed at $26.24.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The business has a 50 day simple moving average of $28.34 and a 200-day simple moving average of $28.23.

GraniteShares 2x Long PLTR Daily ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were paid a $1.5533 dividend. The ex-dividend date was Monday, December 29th. This represents a c) annualized dividend and a yield of 76.1%.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of GraniteShares 2x Long PLTR Daily ETF by 167.8% in the first quarter. NewEdge Advisors LLC now owns 8,570 shares of the company’s stock valued at $1,140,000 after buying an additional 5,370 shares during the period. Jane Street Group LLC increased its holdings in GraniteShares 2x Long PLTR Daily ETF by 53.3% in the 1st quarter. Jane Street Group LLC now owns 11,814 shares of the company’s stock worth $1,571,000 after acquiring an additional 4,106 shares during the last quarter. AE Wealth Management LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF in the 2nd quarter valued at about $249,000. SBI Securities Co. Ltd. lifted its holdings in GraniteShares 2x Long PLTR Daily ETF by 22.2% during the second quarter. SBI Securities Co. Ltd. now owns 6,333 shares of the company’s stock valued at $1,848,000 after purchasing an additional 1,152 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in GraniteShares 2x Long PLTR Daily ETF during the second quarter worth about $204,000.

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.