GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Down 9.1% – Here’s Why

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)’s share price dropped 9.1% on Tuesday . The stock traded as low as $18.01 and last traded at $18.19. Approximately 1,974,715 shares changed hands during trading, a decline of 60% from the average daily volume of 4,943,988 shares. The stock had previously closed at $20.02.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The business has a 50 day moving average price of $18.33 and a 200-day moving average price of $25.78.

GraniteShares 2x Long PLTR Daily ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were issued a dividend of $1.5533 per share. This represents a c) annualized dividend and a dividend yield of 101.5%. The ex-dividend date was Monday, December 29th.

Institutional Investors Weigh In On GraniteShares 2x Long PLTR Daily ETF

Institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in shares of GraniteShares 2x Long PLTR Daily ETF during the second quarter worth $204,000. Group One Trading LLC bought a new position in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth $35,000. CIBC Private Wealth Group LLC lifted its holdings in GraniteShares 2x Long PLTR Daily ETF by 1,400.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,500 shares of the company’s stock worth $49,000 after buying an additional 1,400 shares during the period. Financial Life Planners acquired a new position in GraniteShares 2x Long PLTR Daily ETF during the 3rd quarter worth about $55,000. Finally, Jane Street Group LLC grew its position in shares of GraniteShares 2x Long PLTR Daily ETF by 53.3% in the 1st quarter. Jane Street Group LLC now owns 11,814 shares of the company’s stock valued at $1,571,000 after buying an additional 4,106 shares during the last quarter.

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.