GraniteShares 2x Long PLTR Daily ETF

PTIR

Market cap $253M

Palantir bears have been losing this argument for years. The stock is up 511% over five years and 33% over the trailing twelve months, yet it still trades at 227 times trailing earnings with a chorus of analysts insisting the math has to break eventually.

PLTR tops $1B in Q2 revenues for the first time, fueling ETFs like PLTU, IGV, IETC, and SHLD that are tied to the stock's surge.

In this risk-on market, levered themes have gathered inflows along with some outsized YTD returns. Many of today's levered ETFs are single-stock ETFs focused on high-flying companies such as Palantir.

These equity-based inverse/leveraged ETFs topped last week despite a downbeat market.

Wall Street gained last week despite a slump on Friday.

While the rally was broad-based, a few stocks soared in anticipation of the so-called Trump trade, making single-stock ETFs winners last week.

These single-stock inverse/leveraged ETFs ruled last week.

Wall Street surged last week marking strong weekly gains as market watchers raised its expectations for a significant interest rate cut by the Federal Reserve.

NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Today, GraniteShares , an ETF issuer specializing in high conviction ETFs, announced that it has added three new short & leveraged single-stock ETFs to its existing lineup. The new ETFs will bring the total number of short and leveraged ETFs that GraniteShares offers to 16. These new additions will aim to replicate either +2X or -1X the daily variations of their underlying stocks: Palantir (PLTR), UBER (UBER), and Coinbase (COIN)