GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Short Interest Down 50.1% in May

GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIRGet Free Report) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 1,347,576 shares, a decrease of 50.1% from the May 14th total of 2,701,936 shares. Approximately 4.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,434,119 shares, the days-to-cover ratio is presently 0.2 days.

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

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. lifted its stake in shares of GraniteShares 2x Long PLTR Daily ETF by 20.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 100,121 shares of the company’s stock valued at $2,676,000 after acquiring an additional 17,174 shares during the last quarter. Optiver Holding B.V. lifted its stake in shares of 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 acquiring an additional 59,945 shares during the last quarter. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 1st quarter valued at $675,000. Renaissance Technologies LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 1st quarter valued at $570,000. Finally, Mariner LLC bought a new position in shares of GraniteShares 2x Long PLTR Daily ETF in the 4th quarter valued at $802,000.

GraniteShares 2x Long PLTR Daily ETF Trading Down 4.6%

NASDAQ:PTIR traded down $0.56 during trading hours on Friday, reaching $11.56. 3,490,629 shares of the company were exchanged, compared to its average volume of 5,005,495. The business has a 50 day moving average of $14.39 and a 200 day moving average of $19.47. GraniteShares 2x Long PLTR Daily ETF has a 1-year low of $11.31 and a 1-year high of $40.78.

GraniteShares 2x Long PLTR Daily ETF Company Profile

(Get Free Report)

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.

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