GraniteShares 2x Long PLTR Daily ETF (PTIR)

The GraniteShares 2x Long PLTR Daily ETF is a leveraged single-stock fund from GraniteShares. Its underlying stock is Palantir Technologies, the data analytics and artificial intelligence software company.

The fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in Palantir's share price. It obtains this exposure mainly through swap agreements and other derivatives.

Because leverage is reset every day, the fund targets daily returns only. Over periods longer than a single day, compounding means its performance can differ substantially from twice the return of Palantir stock, especially when the share price is volatile. The fund trades on the Nasdaq under the ticker PTIR.