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

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 298,152 shares, an increase of 167.4% from the December 15th total of 111,505 shares. Approximately 13.6% of the company’s stock are sold short. Based on an average daily trading volume, of 341,653 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 341,653 shares, the days-to-cover ratio is presently 0.9 days. Approximately 13.6% of the company’s stock are sold short.

GraniteShares 2x Long INTC Daily ETF Trading Up 0.4%

NASDAQ:INTW traded up $0.30 during mid-day trading on Thursday, reaching $73.36. The stock had a trading volume of 1,168,489 shares, compared to its average volume of 1,149,324. The business’s 50 day moving average is $48.13 and its 200 day moving average is $36.15. GraniteShares 2x Long INTC Daily ETF has a fifty-two week low of $13.56 and a fifty-two week high of $78.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP lifted its stake 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 worth $5,693,000 after buying an additional 131,623 shares during the last quarter. Scientech Research LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the 3rd quarter worth $521,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long INTC Daily ETF during the second quarter valued at about $42,000. Finally, Jane Street Group LLC grew its position in shares of GraniteShares 2x Long INTC Daily ETF by 62.8% in the second quarter. Jane Street Group LLC now owns 20,307 shares of the company’s stock valued at $401,000 after purchasing an additional 7,833 shares during 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.