The GraniteShares 2x Long PLTR Daily ETF (PTIR) is an exchange-traded fund designed to deliver two times (2x) the daily performance of Palantir Technologies Inc. stock. The ETF is managed by GraniteShares and trades under the ticker PTIR on the Nasdaq.

Classified as a leveraged equity ETF, the fund uses financial derivatives to provide exposure equal to approximately twice the daily return of Palantir shares. Its investment objective is to amplify the stock's daily price movements and is not intended to provide 2x returns over periods longer than a single trading day.

The ETF follows an active management approach and utilizes derivatives, including swap agreements and other financial instruments, to achieve its daily leveraged investment objective.

Diversification and sector exposure

PTIR provides exposure primarily associated with:

• Palantir Technologies.

• Artificial intelligence.

• Software.

• Data analytics.

• Defense.

• Cloud computing.

• Technology.

• Leveraged strategies.

Because the fund is linked to a single company, its portfolio is highly concentrated and its performance depends directly on the daily price movements of Palantir stock.

The ETF's returns are influenced by factors affecting the company, including financial results, new contract awards, advances in artificial intelligence, demand for data-analytics platforms, and broader conditions across the technology sector.

Structure and costs

PTIR shares trade on the secondary market on the Nasdaq during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

The fund uses derivatives to obtain leveraged exposure and rebalances its portfolio each trading day to maintain its targeted daily leverage. The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee.

As a daily leveraged ETF, the fund is highly sensitive to market volatility and the effects of compounding, which can cause its performance over longer holding periods to differ substantially from the stated daily leverage objective.

History and evolution of the ETF

The GraniteShares 2x Long PLTR Daily ETF was launched in 2025 as part of GraniteShares' lineup of leveraged single-stock ETFs. Since inception, the fund has provided investors with a way to obtain daily leveraged exposure to Palantir shares through an exchange-traded vehicle.

In recent years, the rapid expansion of artificial intelligence, cloud computing, and enterprise data analytics has increased Palantir's prominence within the technology sector, trends that continue to influence the ETF's performance.

Additional Information

GraniteShares 2x Long PLTR Daily ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $317.79 million.

Over the past 12 months, GraniteShares 2x Long PLTR Daily ETF recorded a return of -61.32%, with its price trading between $7.99 and $40.78 during the same period.

The ETF is traded under the ticker PTIR.