Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) Shares Down 8.3% – Should You Sell?

Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ)’s share price dropped 8.3% during mid-day trading on Friday . The company traded as low as $20.75 and last traded at $21.08. Approximately 2,874,991 shares traded hands during trading, a decline of 7% from the average daily volume of 3,081,429 shares. The stock had previously closed at $22.98.

Defiance Daily Target 2X Short PLTR ETF Stock Performance

The company’s 50 day simple moving average is $26.66.

Institutional Inflows and Outflows

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

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.