GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Down 6% – Time to Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) were down 6% during trading on Wednesday . The company traded as low as $12.60 and last traded at $12.76. Approximately 4,938,975 shares changed hands during trading, an increase of 2% from the average daily volume of 4,853,490 shares. The stock had previously closed at $13.58.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The stock has a fifty day moving average price of $15.08 and a 200 day moving average price of $20.45.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the 2nd quarter valued at about $204,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter valued at approximately $35,000. Parallel Advisors LLC boosted its stake in 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 valued at $25,000 after purchasing an additional 980 shares during the period. CIBC Private Wealth Group LLC boosted its stake in GraniteShares 2x Long PLTR Daily ETF by 1,400.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,500 shares of the company’s stock valued at $49,000 after purchasing an additional 1,400 shares during the period. Finally, Financial Life Planners bought a new stake in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter valued at approximately $55,000.

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.