GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) Stock Price Up 8.6% – Still a Buy?

Shares of GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR) shot up 8.6% during mid-day trading on Monday . The company traded as high as $20.14 and last traded at $20.08. 2,955,273 shares were traded during mid-day trading, a decline of 43% from the average session volume of 5,166,150 shares. The stock had previously closed at $18.49.

GraniteShares 2x Long PLTR Daily ETF Stock Performance

The company has a 50 day simple moving average of $12.04 and a two-hundred day simple moving average of $14.63.

Hedge Funds Weigh In On GraniteShares 2x Long PLTR Daily ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in GraniteShares 2x Long PLTR Daily ETF by 188.5% during the 1st quarter. Parallel Advisors LLC now owns 1,500 shares of the company’s stock worth $25,000 after buying an additional 980 shares during the last quarter. Vestor Capital LLC boosted its holdings in shares of GraniteShares 2x Long PLTR Daily ETF by 233.7% in the 1st quarter. Vestor Capital LLC now owns 24,762 shares of the company’s stock valued at $405,000 after acquiring an additional 17,342 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the 1st quarter valued at $570,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the first quarter worth $675,000. Finally, Financial Life Planners acquired a new stake in shares of GraniteShares 2x Long PLTR Daily ETF in the first quarter worth $50,000.

About GraniteShares 2x Long PLTR Daily ETF

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.