🔴 GraniteShares 2x Long PLTR Daily ETF is trading 3.8% down today as hawkish Fed signals and rising yields pressure Palantir and high-beta growth stocks

GraniteShares 2x Long PLTR Daily ETF is trading at $11.54 (-3.83%) as a hawkish shift in the Federal Reserve's outlook weighs on growth-oriented risk assets.

• The fund is experiencing amplified losses due to its 2x leveraged exposure to Palantir (PLTR) amid broader weakness in the technology sector and growth-stock pressure.
• Market sentiment remains dampened following the June 17 Fed hold, which signaled a more hawkish stance and pushed Treasury yields higher, hitting high-beta names.
• This decline follows a downward trend from the prior session, reflecting sustained post-Fed pressure on tech-linked risk assets.