GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Gap Up – Should You Buy?

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) gapped up before the market opened on Friday . The stock had previously closed at $232.43, but opened at $246.54. GraniteShares 2x Long PLTR Daily ETF shares last traded at $250.37, with a volume of 299,057 shares.

GraniteShares 2x Long PLTR Daily ETF Trading Up 12.9%

The firm has a fifty day moving average price of $209.35 and a 200-day moving average price of $171.29.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Vestor Capital LLC raised its position in shares of GraniteShares 2x Long PLTR Daily ETF by 45.7% in the 1st quarter. Vestor Capital LLC now owns 2,510 shares of the company’s stock worth $334,000 after buying an additional 787 shares during the period. Hollencrest Capital Management raised its position in shares of GraniteShares 2x Long PLTR Daily ETF by 605.2% in the 1st quarter. Hollencrest Capital Management now owns 1,079 shares of the company’s stock worth $143,000 after buying an additional 926 shares during the period. Jump Financial LLC purchased a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 4th quarter worth $278,000. SBI Securities Co. Ltd. purchased a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 4th quarter worth $333,000. Finally, NewEdge Advisors LLC purchased a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 4th quarter worth $420,000.

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.