GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW – Get Free Report) was the target 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. Approximately 6.7% of the company’s stock are sold short. Based on an average trading volume of 1,080,897 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of GraniteShares 2x Long INTC Daily ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP increased its position 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 acquiring an additional 131,623 shares during the last quarter. Jane Street Group LLC increased its position in 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 buying an additional 7,833 shares during the last quarter. Group One Trading LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth approximately $787,000. Finally, Scientech Research LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the third quarter worth approximately $521,000.
GraniteShares 2x Long INTC Daily ETF Stock Down 1.6%
NASDAQ:INTW opened at $332.39 on Friday. The stock’s 50-day simple moving average is $177.16 and its 200 day simple moving average is $97.98. GraniteShares 2x Long INTC Daily ETF has a 52-week low of $13.74 and a 52-week high of $407.99.
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.
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