GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Trading Down 10.1% – Here’s What Happened

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) shares traded down 10.1% during trading on Friday . The stock traded as low as $30.69 and last traded at $30.64. 1,521,702 shares were traded during mid-day trading, a decline of 86% from the average session volume of 10,742,348 shares. The stock had previously closed at $34.07.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The firm has a 50-day moving average price of $28.53 and a 200 day moving average price of $20.54.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Flow Traders U.S. LLC boosted its position in 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 period. NewEdge Advisors LLC boosted its position in 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 period. IMC Chicago LLC boosted its position in GraniteShares 2x Long PLTR Daily ETF by 33.0% during the 1st quarter. IMC Chicago LLC now owns 17,360 shares of the company’s stock valued at $2,308,000 after purchasing an additional 4,311 shares during the period. Jane Street Group LLC boosted its position in 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 period. Finally, Jump Financial LLC boosted its position in 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 period.

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.