GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Sees Strong Trading Volume – Still a Buy?

Shares of GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) saw unusually-high trading volume on Thursday . Approximately 639,642 shares were traded during mid-day trading, a decline of 30% from the previous session’s volume of 917,153 shares.The stock last traded at $363.39 and had previously closed at $314.13.

GraniteShares 2x Long INTC Daily ETF Price Performance

The company’s 50 day moving average is $241.06 and its two-hundred day moving average is $121.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTW. Susquehanna International Group LLP lifted its stake in GraniteShares 2x Long INTC Daily ETF by 924.4% during the third quarter. Susquehanna International Group LLP now owns 145,861 shares of the company’s stock worth $5,693,000 after purchasing an additional 131,623 shares during the period. Group One Trading LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth about $787,000. Scientech Research LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the third quarter worth about $521,000. Jane Street Group LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth about $289,000. Finally, Optiver Holding B.V. bought a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth about $267,000.

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.