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PTIR surges 18% after Palantir rallies post Q2 beat
The GraniteShares 2x Long PLTR Daily ETF rose about 45% between Aug. 3 and Aug. 6, but is still down 51% over the past year due to daily volatility decay.
Palantir shares jumped again after the company’s Q2 results beat expectations, lifting the GraniteShares 2x Long PLTR Daily ETF, PTIR, by about 18% in the latest session, according to Yahoo Finance. The outlet said PLTR was up about 9% on the day, while PTIR gained 45% over the post-earnings window from Aug. 3 through Aug. 6.
Yahoo Finance attributed the initial rally to Palantir’s Q2 performance, citing 93% revenue growth and its 10th straight earnings beat, which helped drive PLTR up roughly 29% and PTIR up 45% over the immediate post-results period.
The move also comes as investors react to a weak jobs report, which Yahoo Finance said may reduce the odds of a near-term Federal Reserve rate hike. That matters for PTIR because it is a single-stock leveraged ETF tied to Palantir, and leveraged exposure can be sensitive to financing conditions.
Despite the surge, the outlet warned that PTIR’s daily-reset leverage design can hurt performance over longer stretches. Yahoo Finance said PTIR is down 51% over one year, while Palantir shares are down about 13% over the same period, reflecting volatility decay, and noted the product is intended for short-term tactical use rather than long-term holding.