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

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 116,415 shares, a decline of 69.2% from the April 30th total of 378,050 shares. Based on an average daily volume of 1,080,897 shares, the days-to-cover ratio is presently 0.1 days. Approximately 6.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On GraniteShares 2x Long INTC Daily ETF

Large investors have recently bought and sold shares of the business. Group One Trading LLC bought a new stake in GraniteShares 2x Long INTC Daily ETF in the second quarter worth $42,000. Jane Street Group LLC bought a new stake in GraniteShares 2x Long INTC Daily ETF in the first quarter worth $289,000. Scientech Research LLC bought a new stake in GraniteShares 2x Long INTC Daily ETF in the third quarter worth $521,000. Finally, Susquehanna International Group LLP increased its position in 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 worth $5,693,000 after purchasing an additional 131,623 shares during the last quarter.

GraniteShares 2x Long INTC Daily ETF Trading Down 10.2%

Shares of INTW stock traded down $33.89 during trading hours on Friday, hitting $298.50. The stock had a trading volume of 593,620 shares, compared to its average volume of 934,097. GraniteShares 2x Long INTC Daily ETF has a one year low of $13.74 and a one year high of $407.99. The stock’s 50-day moving average price is $182.03 and its two-hundred day moving average price is $99.74.

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.