GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Sees Significant Growth in Short Interest

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 632,434 shares, an increase of 112.1% from the December 31st total of 298,152 shares. Based on an average daily volume of 1,137,538 shares, the days-to-cover ratio is presently 0.6 days. Approximately 28.4% of the company’s stock are sold short. Approximately 28.4% of the company’s stock are sold short. Based on an average daily volume of 1,137,538 shares, the days-to-cover ratio is presently 0.6 days.

GraniteShares 2x Long INTC Daily ETF Stock Down 9.1%

NASDAQ INTW traded down $6.16 during midday trading on Friday, hitting $61.48. 1,053,257 shares of the company traded hands, compared to its average volume of 1,481,424. GraniteShares 2x Long INTC Daily ETF has a 52 week low of $13.56 and a 52 week high of $90.32. The company’s 50-day simple moving average is $54.17 and its 200-day simple moving average is $40.18.

Hedge Funds Weigh In On GraniteShares 2x Long INTC Daily ETF

A number of large investors have recently added to or reduced their stakes in INTW. Jane Street Group LLC purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the first quarter valued at about $289,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF in the 2nd quarter worth approximately $42,000. Scientech Research LLC bought a new position in shares of GraniteShares 2x Long INTC Daily ETF during the 3rd quarter worth approximately $521,000. Finally, Susquehanna International Group LLP lifted its position in GraniteShares 2x Long INTC Daily ETF by 924.4% during the third quarter. Susquehanna International Group LLP now owns 145,861 shares of the company’s stock valued at $5,693,000 after acquiring an additional 131,623 shares during the last quarter.

GraniteShares 2x Long INTC Daily ETF Company Profile

The GraniteShares 2x Long INTC Daily ETF (INTW) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Intel Corporation (INTC) stock. INTW was launched on Feb 13, 2025 and is issued by GraniteShares.