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

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,407,731 shares, a drop of 45.9% from the August 15th total of 4,447,368 shares. Approximately 16.9% of the company’s stock are short sold. Based on an average daily trading volume, of 3,646,295 shares, the short-interest ratio is currently 0.7 days.

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

An institutional investor recently bought a new stake in GraniteShares 2x Long INTC Daily ETF stock. Optiver Holding B.V. acquired a new position in GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,149 shares of the company’s stock, valued at approximately $267,000. Optiver Holding B.V. owned about 0.30% of GraniteShares 2x Long INTC Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long INTC Daily ETF Trading Up 8.1%

Shares of NASDAQ INTW traded up $1.72 during mid-day trading on Wednesday, reaching $22.86. The company had a trading volume of 6,978,538 shares, compared to its average volume of 6,419,898. GraniteShares 2x Long INTC Daily ETF has a twelve month low of $2.74 and a twelve month high of $52.63. The stock’s 50 day moving average is $22.29 and its 200-day moving average is $24.30.

GraniteShares 2x Long INTC Daily ETF Company Profile

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.