2x Long PLTR Daily ETF (NASDAQ:PLTG) Shares Shorted: Short Interest Down 42.6% in October

2x Long PLTR Daily ETF (NASDAQ:PLTG) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 74,888 shares, a decrease of 42.6% from the September 30th total of 130,420 shares. Approximately 4.3% of the shares of the stock are short sold. Based on an average trading volume of 83,180 shares, the short-interest ratio is presently 0.9 days.

2x Long PLTR Daily ETF Stock Performance

PLTG stock traded down $2.58 during midday trading on Friday, hitting $18.53. 77,253 shares of the stock were exchanged, compared to its average volume of 292,847. The stock’s 50-day moving average price is $19.93 and its 200-day moving average price is $16.06. 2x Long PLTR Daily ETF has a fifty-two week low of $7.54 and a fifty-two week high of $44.95.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in 2x Long PLTR Daily ETF stock. SBI Securities Co. Ltd. boosted its holdings in shares of 2x Long PLTR Daily ETF (NASDAQ:PLTG) by 174.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,992 shares of the company’s stock after acquiring an additional 1,267 shares during the period. SBI Securities Co. Ltd. owned about 0.17% of 2x Long PLTR Daily ETF worth $40,000 at the end of the most recent reporting period.

2x Long PLTR Daily ETF Company Profile

The Leverage Shares 2x Long PLTR Daily ETF seeks to provide 2x daily leveraged exposure to Palantir Technologies Inc (PLTR) stock, minus fees and expenses. This ETF is designed for investors aiming to amplify their exposure to PLTR’s daily performance.