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

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 484,183 shares, a growth of 739.1% from the June 15th total of 57,705 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 4,985,261 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 1st 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 second quarter worth approximately $42,000. Scientech Research LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF in the third quarter worth approximately $521,000. Susquehanna International Group LLP grew 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 buying an additional 131,623 shares during the period. Finally, Optiver Holding B.V. bought a new stake in GraniteShares 2x Long INTC Daily ETF during the first quarter valued at approximately $267,000.

GraniteShares 2x Long INTC Daily ETF Stock Performance

Shares of INTW stock traded down $1.60 on Friday, reaching $30.37. The stock had a trading volume of 2,712,105 shares, compared to its average volume of 7,069,194. GraniteShares 2x Long INTC Daily ETF has a 1 year low of $1.72 and a 1 year high of $52.63. The company has a 50 day simple moving average of $38.89 and a 200 day simple moving average of $19.32.

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.