Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) Trading Down 2.2% – Should You Sell?

Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) shares were down 2.2% during trading on Monday . The stock traded as low as $23.05 and last traded at $23.88. Approximately 1,172,899 shares traded hands during trading, a decline of 41% from the average daily volume of 2,004,164 shares. The stock had previously closed at $24.41.

Defiance Daily Target 2X Short PLTR ETF Price Performance

The company has a fifty day simple moving average of $25.65 and a two-hundred day simple moving average of $33.10.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PLTZ. Optiver Holding B.V. bought a new stake in shares of Defiance Daily Target 2X Short PLTR ETF in the 3rd quarter valued at about $49,000. Wealth Enhancement Advisory Services LLC bought a new position in Defiance Daily Target 2X Short PLTR ETF in the third quarter worth approximately $70,000. GEM Asset Management LLC bought a new position in Defiance Daily Target 2X Short PLTR ETF in the third quarter worth approximately $526,000. Finally, Susquehanna International Group LLP lifted its holdings in Defiance Daily Target 2X Short PLTR ETF by 1,723.8% during the third quarter. Susquehanna International Group LLP now owns 195,477 shares of the company’s stock worth $1,400,000 after buying an additional 184,759 shares during the period.

Defiance Daily Target 2X Short PLTR ETF Company Profile

Tidal Trust II – Defiance Daily Target 2X Short PLTR ETF is an exchange traded fund launched and managed by Tidal Investments LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. The fund employs short strategy and uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.