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

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 57,705 shares, a drop of 79.5% from the May 31st total of 282,002 shares. Based on an average daily trading volume, of 819,522 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.3% of the shares of the company are short sold.

GraniteShares 2x Long INTC Daily ETF Stock Down 7.9%

Shares of INTW stock traded down $3.68 during trading hours on Friday, reaching $42.71. 2,128,560 shares of the company traded hands, compared to its average volume of 7,292,616. The firm has a 50-day moving average price of $273.77 and a 200 day moving average price of $134.86. GraniteShares 2x Long INTC Daily ETF has a 12-month low of $1.72 and a 12-month high of $52.63.

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

Large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP boosted its position in shares of GraniteShares 2x Long INTC Daily ETF by 924.4% in the third quarter. Susquehanna International Group LLP now owns 145,861 shares of the company’s stock worth $5,693,000 after purchasing an additional 131,623 shares during the period. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at $787,000. Scientech Research LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 3rd quarter valued at $521,000. Jane Street Group LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at $289,000. Finally, Optiver Holding B.V. purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at $267,000.

About GraniteShares 2x Long INTC Daily ETF

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.