GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 2,407,731 shares, a decline of 45.9% from the August 15th total of 4,447,368 shares. Based on an average daily volume of 3,646,295 shares, the days-to-cover ratio is currently 0.7 days. Currently, 16.9% of the company’s stock are sold short.
GraniteShares 2x Long INTC Daily ETF Stock Performance
Shares of INTW traded down $0.03 during midday trading on Tuesday, hitting $21.14. The company had a trading volume of 2,547,407 shares, compared to its average volume of 6,416,762. The company’s 50-day simple moving average is $22.64 and its 200-day simple moving average is $24.10. GraniteShares 2x Long INTC Daily ETF has a 1 year low of $2.74 and a 1 year high of $52.63.
Institutional Investors Weigh In On GraniteShares 2x Long INTC Daily ETF
An institutional investor recently bought a new position in GraniteShares 2x Long INTC Daily ETF stock. Optiver Holding B.V. bought a new position in shares of GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,149 shares of the company’s stock, valued at approximately $267,000. Optiver Holding B.V. owned approximately 0.30% of GraniteShares 2x Long INTC Daily ETF at the end of the most recent quarter.
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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