GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Short Interest Up 257.8% in July

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 2,610,231 shares, an increase of 257.8% from the July 15th total of 729,533 shares. Currently, 18.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,529,385 shares, the days-to-cover ratio is currently 0.4 days.

GraniteShares 2x Long INTC Daily ETF Price Performance

Shares of GraniteShares 2x Long INTC Daily ETF stock traded up $1.96 during trading on Thursday, reaching $25.83. The company’s stock had a trading volume of 2,211,185 shares, compared to its average volume of 6,788,657. GraniteShares 2x Long INTC Daily ETF has a 52-week low of $2.27 and a 52-week high of $52.63. The firm’s 50-day moving average is $31.74 and its two-hundred day moving average is $21.98.

Institutional Trading of GraniteShares 2x Long INTC Daily ETF

Several institutional investors have recently added to or reduced their stakes in INTW. Group One Trading LLC purchased a new stake in GraniteShares 2x Long INTC Daily ETF during the 2nd quarter valued at about $42,000. Optiver Holding B.V. purchased a new position in GraniteShares 2x Long INTC Daily ETF in the 1st quarter worth approximately $267,000. Jane Street Group LLC lifted its position in 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. Scientech Research LLC purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF during 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% during the third quarter. Susquehanna International Group LLP now owns 145,861 shares of the company’s stock valued at $5,693,000 after purchasing an additional 131,623 shares during the period.

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.