GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Down 5% – Time to Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) shares dropped 5% during mid-day trading on Thursday . The stock traded as low as $150.66 and last traded at $151.83. Approximately 706,587 shares changed hands during trading, an increase of 14% from the average daily volume of 619,641 shares. The stock had previously closed at $159.77.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The stock has a 50-day moving average of $176.83 and a 200 day moving average of $115.43.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 4th quarter valued at $278,000. SBI Securities Co. Ltd. bought a new position in GraniteShares 2x Long PLTR Daily ETF in the fourth quarter valued at about $333,000. NewEdge Advisors LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF during the fourth quarter worth about $420,000. Renaissance Technologies LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the fourth quarter worth about $538,000. Finally, Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the 4th quarter valued at approximately $1,011,000.

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.