GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Shares Gap Down – Should You Sell?

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $31.77, but opened at $29.60. GraniteShares 2x Long PLTR Daily ETF shares last traded at $28.7450, with a volume of 695,446 shares trading hands.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The company’s 50 day moving average is $30.20 and its 200-day moving average is $27.86.

GraniteShares 2x Long PLTR Daily ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th will be given a dividend of $1.5533 per share. This represents a c) dividend on an annualized basis and a dividend yield of 67.3%. The ex-dividend date of this dividend is Monday, December 29th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its stake in GraniteShares 2x Long PLTR Daily ETF by 1,209.8% in the third quarter. SBI Securities Co. Ltd. now owns 82,947 shares of the company’s stock valued at $2,692,000 after acquiring an additional 76,614 shares during the period. Optiver Holding B.V. grew its position in GraniteShares 2x Long PLTR Daily ETF by 415.1% in the 3rd quarter. Optiver Holding B.V. now owns 74,387 shares of the company’s stock valued at $2,414,000 after purchasing an additional 59,945 shares during the period. Stevens Capital Management LP acquired a new stake in GraniteShares 2x Long PLTR Daily ETF in the 3rd quarter valued at $509,000. AE Wealth Management LLC increased its stake in GraniteShares 2x Long PLTR Daily ETF by 1,744.6% during the 3rd quarter. AE Wealth Management LLC now owns 15,753 shares of the company’s stock valued at $511,000 after purchasing an additional 14,899 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in GraniteShares 2x Long PLTR Daily ETF during the third quarter worth $270,000.

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.