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

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $352.51, but opened at $338.68. GraniteShares 2x Long INTC Daily ETF shares last traded at $356.10, with a volume of 101,383 shares.

GraniteShares 2x Long INTC Daily ETF Trading Up 7.3%

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

Institutional Trading of GraniteShares 2x Long INTC Daily ETF

Institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC purchased a new stake in GraniteShares 2x Long INTC Daily ETF during the 2nd quarter worth $42,000. Optiver Holding B.V. purchased a new position in GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at about $267,000. Jane Street Group LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at about $289,000. Scientech Research LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF in the 3rd quarter valued at about $521,000. Finally, Susquehanna International Group LLP lifted its position in shares of 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 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.