GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading 10.2% Higher – Here’s Why

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) traded up 10.2% during trading on Friday . The stock traded as high as $270.30 and last traded at $270.62. 439,300 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 752,925 shares. The stock had previously closed at $245.49.

GraniteShares 2x Long PLTR Daily ETF Stock Up 6.8%

The company’s 50 day moving average is $196.80 and its 200 day moving average is $165.19.

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

A number of hedge funds have recently bought and sold shares of PTIR. IMC Chicago LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth approximately $1,712,000. SBI Securities Co. Ltd. purchased a new position in GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth approximately $333,000. Simplex Trading LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth approximately $1,266,000. Renaissance Technologies LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth approximately $538,000. Finally, Jump Financial LLC purchased a new position in GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth approximately $278,000.

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.