GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW – Get Free Report) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,447,368 shares, a growth of 70.4% from the July 30th total of 2,610,231 shares. Based on an average trading volume of 4,185,293 shares, the days-to-cover ratio is currently 1.1 days. Approximately 31.2% of the shares of the company are short sold.
GraniteShares 2x Long INTC Daily ETF Trading Down 0.2%
GraniteShares 2x Long INTC Daily ETF stock traded down $0.03 during mid-day trading on Monday, hitting $18.36. The company had a trading volume of 1,524,407 shares, compared to its average volume of 6,583,782. GraniteShares 2x Long INTC Daily ETF has a 12-month low of $2.58 and a 12-month high of $52.63. The company’s fifty day moving average is $27.62 and its 200-day moving average is $23.02.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP grew its position in shares of GraniteShares 2x Long INTC Daily ETF by 924.4% during the 3rd 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 period. Group One Trading LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF in the 1st quarter worth about $787,000. Scientech Research LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF during the third quarter worth approximately $521,000. Jane Street Group LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth approximately $289,000. Finally, Optiver Holding B.V. purchased a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth approximately $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.
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