GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Up – Here’s Why

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) gapped up prior to trading on Monday . The stock had previously closed at $363.57, but opened at $400.41. GraniteShares 2x Long INTC Daily ETF shares last traded at $381.72, with a volume of 669,253 shares changing hands.

GraniteShares 2x Long INTC Daily ETF Price Performance

The firm has a 50-day moving average of $96.85 and a 200-day moving average of $69.06.

Hedge Funds Weigh In On GraniteShares 2x Long INTC Daily ETF

Several hedge funds have recently made changes to their positions in the company. Group One Trading LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF during the 2nd quarter worth about $42,000. Jane Street Group LLC purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 1st quarter worth about $289,000. Scientech Research LLC purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 3rd quarter worth about $521,000. Finally, Susquehanna International Group LLP boosted its stake in shares of GraniteShares 2x Long INTC Daily ETF by 924.4% during the 3rd quarter. Susquehanna International Group LLP now owns 145,861 shares of the company’s stock worth $5,693,000 after acquiring an additional 131,623 shares in the last quarter.

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.