GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Up 10.6% – Time to Buy?

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) were up 10.6% during mid-day trading on Monday . The company traded as high as $19.75 and last traded at $19.55. Approximately 2,287,983 shares traded hands during trading, a decline of 54% from the average daily volume of 4,923,106 shares. The stock had previously closed at $17.67.

GraniteShares 2x Long PLTR Daily ETF Price Performance

The firm has a 50 day simple moving average of $18.47 and a 200-day simple moving average of $25.81.

GraniteShares 2x Long PLTR Daily ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were issued a $1.5533 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 98.2%. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Trading of GraniteShares 2x Long PLTR Daily ETF

Several institutional investors and hedge funds have recently modified their holdings of PTIR. Group One Trading LLC acquired a new stake in GraniteShares 2x Long PLTR Daily ETF in the third quarter valued at about $35,000. CIBC Private Wealth Group LLC raised its stake in GraniteShares 2x Long PLTR Daily ETF by 1,400.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,500 shares of the company’s stock worth $49,000 after acquiring an additional 1,400 shares in the last quarter. Financial Life Planners bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the third quarter worth about $55,000. XTX Topco Ltd bought a new position in GraniteShares 2x Long PLTR Daily ETF in the 2nd quarter valued at approximately $204,000. Finally, SG Americas Securities LLC bought a new stake in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth $210,000.

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.