🔴 GraniteShares 2x Long PLTR Daily ETF falls 3.5% after major investor cuts stake by 99%

The GraniteShares 2x Long PLTR Daily ETF is trading 3.5% lower after a new filing revealed a major institutional investor sold off nearly its entire position in the underlying stock, Palantir (PLTR).

• Capital World Investors reported selling over 5 million shares of Palantir, cutting its stake by a staggering 98.7% in the most recent quarter.
• This news creates significant overhead for the stock, compounding pressure from a broader market sell-off in high-volatility AI names.
• The risk-off sentiment is also fueled by market-wide caution ahead of the key U.S. CPI inflation report due today.