GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 484,183 shares, an increase of 739.1% from the June 15th total of 57,705 shares. Based on an average daily volume of 4,985,261 shares, the days-to-cover ratio is presently 0.1 days. Approximately 3.0% of the shares of the stock are short sold.
Hedge Funds Weigh In On GraniteShares 2x Long INTC Daily ETF
Institutional investors have recently modified their holdings of the business. Group One Trading LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF in the 2nd quarter valued at about $42,000. Optiver Holding B.V. purchased a new position in GraniteShares 2x Long INTC Daily ETF in the first quarter valued at about $267,000. Jane Street Group LLC purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the first quarter valued at about $289,000. Scientech Research LLC purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the third quarter worth about $521,000. Finally, Susquehanna International Group LLP raised 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 valued at $5,693,000 after buying an additional 131,623 shares during the last quarter.
GraniteShares 2x Long INTC Daily ETF Stock Down 6.1%
Shares of NASDAQ INTW opened at $28.53 on Monday. The company has a 50-day moving average of $38.89 and a 200 day moving average of $19.42. GraniteShares 2x Long INTC Daily ETF has a 12-month low of $1.72 and a 12-month high of $52.63.
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.
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