Short Interest in GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Decreases By 45.9%

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

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

A hedge fund recently bought a new position in GraniteShares 2x Long INTC Daily ETF stock. Optiver Holding B.V. purchased a new stake in GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,149 shares of the company’s stock, valued at approximately $267,000. Optiver Holding B.V. owned 0.30% of GraniteShares 2x Long INTC Daily ETF as of its most recent filing with the Securities and Exchange Commission.

GraniteShares 2x Long INTC Daily ETF Stock Performance

Shares of INTW stock traded up $4.08 during mid-day trading on Thursday, reaching $26.93. 5,792,461 shares of the stock traded hands, compared to its average volume of 6,417,209. The stock’s fifty day simple moving average is $22.29 and its two-hundred day simple moving average is $24.30. GraniteShares 2x Long INTC Daily ETF has a 1-year low of $3.64 and a 1-year high of $52.63.

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.