🔴 GraniteShares 2x Long PLTR Daily ETF is trading 11.3% down today as Palantir shares pull back following a recent AI-driven rally

GraniteShares 2x Long PLTR Daily ETF is trading 11.3% down today as Palantir stock gives back a portion of its recent AI-driven gains.

• The double-digit decline is a result of the ETF’s 2x leveraged exposure and high beta, which magnifies the impact of a relatively modest pullback in the underlying Palantir shares.
• The sharp downward move follows a period of strong performance last week, occurring even as broader market indices continue to trade near flat levels.