GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Up – Still a Buy?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $362.95, but opened at $406.15. GraniteShares 2x Long INTC Daily ETF shares last traded at $363.20, with a volume of 208,366 shares traded.

GraniteShares 2x Long INTC Daily ETF Price Performance

The company’s 50-day simple moving average is $269.76 and its 200-day simple moving average is $133.28.

Institutional Trading of GraniteShares 2x Long INTC Daily ETF

A number of institutional investors and hedge funds have recently bought and sold shares of INTW. Group One Trading LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the 2nd quarter worth $42,000. Optiver Holding B.V. acquired a new position in GraniteShares 2x Long INTC Daily ETF during the 1st quarter worth about $267,000. Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at about $289,000. Scientech Research LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the 3rd quarter valued at about $521,000. Finally, Susquehanna International Group LLP grew its position in shares of GraniteShares 2x Long INTC Daily ETF by 924.4% in the 3rd 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.

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.