GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Stock Price Up 7.4% – Here’s What Happened

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s share price rose 7.4% during mid-day trading on Tuesday . The company traded as high as $287.80 and last traded at $287.64. Approximately 581,465 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 953,559 shares. The stock had previously closed at $267.86.

GraniteShares 2x Long INTC Daily ETF Price Performance

The firm has a 50-day moving average price of $134.34 and a 200 day moving average price of $82.58.

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

Institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP increased its position in 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 worth $5,693,000 after buying an additional 131,623 shares during the period. Group One Trading LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at about $787,000. Scientech Research LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the 3rd quarter valued at about $521,000. Finally, Jane Street Group LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at about $289,000.

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.