GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Short Interest Up 142.2% in May

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 282,002 shares, a growth of 142.2% from the May 14th total of 116,415 shares. Approximately 16.2% of the company’s stock are sold short. Based on an average daily volume of 692,612 shares, the short-interest ratio is currently 0.4 days.

GraniteShares 2x Long INTC Daily ETF Stock Up 13.1%

INTW stock traded up $38.89 during mid-day trading on Friday, reaching $335.53. 726,366 shares of the stock traded hands, compared to its average volume of 929,402. GraniteShares 2x Long INTC Daily ETF has a 52 week low of $13.74 and a 52 week high of $407.99. The business has a 50-day moving average of $225.89 and a two-hundred day moving average of $115.48.

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

A number of hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its holdings in GraniteShares 2x Long INTC Daily ETF by 924.4% during 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 period. Jane Street Group LLC boosted its holdings 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 valued at $401,000 after acquiring an additional 7,833 shares during the period. Group One Trading LLC bought a new stake in GraniteShares 2x Long INTC Daily ETF during the first quarter valued at about $787,000. Scientech Research LLC bought a new stake in GraniteShares 2x Long INTC Daily ETF during the third quarter valued at about $521,000. Finally, Optiver Holding B.V. bought a new stake in GraniteShares 2x Long INTC Daily ETF during the first quarter valued at about $267,000.

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.