GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW – Get Free Report) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 57,705 shares, a decrease of 79.5% from the May 31st total of 282,002 shares. Based on an average trading volume of 819,522 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.3% of the shares of the stock are short sold.
Institutional Investors Weigh In On GraniteShares 2x Long INTC Daily ETF
Several hedge funds have recently modified their holdings of INTW. Susquehanna International Group LLP raised 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 buying an additional 131,623 shares during the last quarter. Jane Street Group LLC grew its stake in GraniteShares 2x Long INTC Daily ETF by 62.8% in the 2nd quarter. Jane Street Group LLC now owns 20,307 shares of the company’s stock worth $401,000 after acquiring an additional 7,833 shares during the period. Group One Trading LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at $787,000. Scientech Research LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF in the 3rd quarter valued at $521,000. Finally, Optiver Holding B.V. purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF during the 1st quarter worth $267,000.
GraniteShares 2x Long INTC Daily ETF Stock Down 7.9%
Shares of INTW traded down $3.68 during trading hours on Friday, reaching $42.71. 2,128,560 shares of the company traded hands, compared to its average volume of 7,292,616. The stock has a fifty day simple moving average of $273.77 and a 200 day simple moving average of $134.86. GraniteShares 2x Long INTC Daily ETF has a fifty-two week low of $1.72 and a fifty-two week high of $52.63.
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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