GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Up 11.2% – Still a Buy?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)’s stock price traded up 11.2% on Friday . The stock traded as high as $257.45 and last traded at $257.91. 353,767 shares changed hands during trading, a decline of 64% from the average session volume of 988,822 shares. The stock had previously closed at $231.90.

GraniteShares 2x Long PLTR Daily ETF Stock Up 13.8 %

The business has a fifty day moving average price of $154.37 and a two-hundred day moving average price of $138.82.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the 4th quarter valued at $278,000. SBI Securities Co. Ltd. purchased a new position in GraniteShares 2x Long PLTR Daily ETF in the fourth quarter valued at about $333,000. NewEdge Advisors LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF in the 4th quarter worth about $420,000. Renaissance Technologies LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the 4th quarter worth about $538,000. Finally, Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF during the 4th quarter valued at about $1,011,000.

About GraniteShares 2x Long PLTR Daily ETF

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.