GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Sees Large Decline in Short Interest
by Sarita Garza · The Markets DailyGraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 57,705 shares, a decrease of 79.5% from the May 31st total of 282,002 shares. Based on an average daily volume of 819,522 shares, the short-interest ratio is currently 0.1 days. Approximately 3.3% of the shares of the company are sold short.
GraniteShares 2x Long INTC Daily ETF Stock Performance
NASDAQ INTW traded down $3.68 during trading hours on Friday, hitting $42.71. 2,128,560 shares of the company’s stock traded hands, compared to its average volume of 7,292,616. The business’s fifty day moving average price is $273.77 and its two-hundred day moving average price is $134.86. GraniteShares 2x Long INTC Daily ETF has a 52 week low of $1.72 and a 52 week high of $52.63.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 2nd quarter valued at $42,000. Optiver Holding B.V. bought a new position in GraniteShares 2x Long INTC Daily ETF in the 1st quarter worth $267,000. Jane Street Group LLC raised its holdings in GraniteShares 2x Long INTC Daily ETF by 62.8% in the 2nd quarter. Jane Street Group LLC now owns 20,307 shares of the company’s stock worth $401,000 after purchasing an additional 7,833 shares during the period. Scientech Research LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF during the third quarter valued at $521,000. Finally, Susquehanna International Group LLP lifted 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 purchasing an additional 131,623 shares in the last 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.