GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Up 8.3% – Should You Buy?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) traded up 8.3% during trading on Friday . The company traded as high as $326.88 and last traded at $321.40. 292,470 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 924,838 shares. The stock had previously closed at $296.64.

GraniteShares 2x Long INTC Daily ETF Price Performance

The stock’s 50-day simple moving average is $220.40 and its 200 day simple moving average is $113.93.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the first quarter worth about $267,000. Group One Trading LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF during the 1st quarter worth approximately $787,000. Susquehanna International Group LLP lifted its holdings in 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 buying an additional 131,623 shares in the last quarter. Scientech Research LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the third quarter worth $521,000. Finally, Jane Street Group LLC grew its stake in shares of 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 worth $401,000 after acquiring an additional 7,833 shares in the last quarter.

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.