Share-split context: A forward split was recorded on Jul 9, 2025 with coefficient 15. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

Understanding the Graniteshares 2x Long PLTR Daily ETF (PTIR)

The Graniteshares 2x Long PLTR Daily ETF (PTIR) is a leveraged, single-stock ETF. It is designed to provide twice (2x) the daily return of a specific stock. Because it is leveraged, it is a high-risk tool used for short-term trading rather than long-term investing.

What the Numbers Show

The current price of PTIR is $22.60. Recent data shows a decline in share price:

• Year-to-Date (YTD) Price Return: -15.45%

• One-Year Price Return: -29.35%

When looking at the One-Year Total Return, which includes distributions, the figure is -25.53%. This means that while distributions helped slightly, the overall return for the year remained negative.

PTIR has a history of share splits. Specifically, it had a forward split on July 9, 2025, with a coefficient of 15. In a forward split, each old share becomes multiple new shares, and the price per share drops proportionally. This change does not create a gain or loss; it simply changes the number of shares an investor holds.

Income and Distribution Explanation

PTIR has a distribution yield of approximately 6.87%. Over the last 12 months, it has made one distribution totaling $1.55. The distribution frequency is listed as irregular or less frequent.

It is important for beginners to remember that a high distribution yield can be misleading. A yield does not guarantee that an investor is making money, especially if the share price is falling at the same time.

Price and NAV Erosion Explanation

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, the data shows a severe erosion-risk flag. This flag was triggered because of the split-adjusted price trend and an erosion score of 30, which is labeled as "significant price erosion." Price erosion happens when the market price of an ETF declines significantly over time.

Pros

• Leverage: It allows traders to seek double the daily movement of the underlying stock.

• Income: It has provided some cash distributions to shareholders.

Cons

• Price Decline: The ETF has seen a significant share-price decline over the last year.

• High Risk: As a leveraged single-stock ETF, it is subject to high volatility.

• Low Income Grade: It has an income rating grade of "F."

Beginner Takeaway

PTIR is not a traditional "buy and hold" investment. It is a leveraged tool that tracks one stock. While it offers a distribution yield, the significant price erosion and negative total returns show that the share price has fallen sharply. Investors should be aware that high yields do not protect against a falling share price.