GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Down 14.4% – Here’s What Happened

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)’s stock price traded down 14.4% during trading on Friday. The company traded as low as $20.14 and last traded at $20.50. Approximately 4,834,930 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 4,707,078 shares. The stock had previously closed at $23.96.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The business’s 50 day simple moving average is $20.35 and its two-hundred day simple moving average is $15.70.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

A number of hedge funds have recently bought and sold shares of PTIR. Group One Trading LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF in the first quarter worth about $675,000. Renaissance Technologies LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 1st quarter worth approximately $570,000. Vestor Capital LLC boosted its holdings 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 buying an additional 17,342 shares during the last quarter. AlphaStar Capital Management LLC purchased a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the third quarter worth approximately $224,000. Finally, Financial Life Planners purchased a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the first quarter worth approximately $50,000.

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.