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

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 632,434 shares, a growth of 112.1% from the December 31st total of 298,152 shares. Based on an average daily volume of 1,137,538 shares, the days-to-cover ratio is currently 0.6 days. Approximately 28.4% of the shares of the company are sold short. Approximately 28.4% of the shares of the company are sold short. Based on an average daily volume of 1,137,538 shares, the days-to-cover ratio is currently 0.6 days.

GraniteShares 2x Long INTC Daily ETF Stock Performance

NASDAQ:INTW traded down $1.05 during mid-day trading on Friday, hitting $66.59. 544,214 shares of the stock were exchanged, compared to its average volume of 1,455,141. The firm’s 50-day simple moving average is $53.73 and its 200 day simple moving average is $39.77. GraniteShares 2x Long INTC Daily ETF has a fifty-two week low of $13.56 and a fifty-two week high of $90.32.

Hedge Funds Weigh In On GraniteShares 2x Long INTC Daily ETF

Several institutional investors and hedge funds have recently modified their holdings of INTW. Group One Trading LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the second quarter worth about $42,000. Jane Street Group LLC increased its holdings in shares of GraniteShares 2x Long INTC Daily ETF by 62.8% during the second 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 acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the third quarter valued at approximately $521,000. Finally, Susquehanna International Group LLP boosted 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 valued at $5,693,000 after buying an additional 131,623 shares during the period.

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.