GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Hits New 1-Year High – Still a Buy?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) reached a new 52-week high on Friday . The stock traded as high as $26.30 and last traded at $26.23, with a volume of 997641 shares changing hands. The stock had previously closed at $24.69.

GraniteShares 2x Long PLTR Daily ETF Trading Up 5.1%

The company has a 50-day moving average price of $19.98 and a two-hundred day moving average price of $14.55.

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

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC increased its position in shares of GraniteShares 2x Long PLTR Daily ETF by 53.3% during the 1st quarter. Jane Street Group LLC now owns 11,814 shares of the company’s stock valued at $1,571,000 after purchasing an additional 4,106 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of GraniteShares 2x Long PLTR Daily ETF by 167.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,570 shares of the company’s stock valued at $1,140,000 after purchasing an additional 5,370 shares during the last quarter. Jump Financial LLC increased its position in shares of GraniteShares 2x Long PLTR Daily ETF by 134.5% during the 1st quarter. Jump Financial LLC now owns 4,979 shares of the company’s stock valued at $662,000 after purchasing an additional 2,856 shares during the last quarter. Flow Traders U.S. LLC increased its position in shares of GraniteShares 2x Long PLTR Daily ETF by 948.9% during the 1st quarter. Flow Traders U.S. LLC now owns 36,752 shares of the company’s stock valued at $4,887,000 after purchasing an additional 33,248 shares during the last quarter. Finally, Vestor Capital LLC increased its position in shares of GraniteShares 2x Long PLTR Daily ETF by 45.7% during the 1st quarter. Vestor Capital LLC now owns 2,510 shares of the company’s stock valued at $334,000 after purchasing an additional 787 shares during the last quarter.

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.