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

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTWGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $262.61, but opened at $307.49. GraniteShares 2x Long INTC Daily ETF shares last traded at $294.75, with a volume of 810,177 shares trading hands.

GraniteShares 2x Long INTC Daily ETF Stock Performance

The company’s 50 day simple moving average is $186.28 and its two-hundred day simple moving average is $101.31.

Institutional Trading of GraniteShares 2x Long INTC Daily ETF

A number of hedge funds and other institutional investors have recently modified their holdings of INTW. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the 2nd quarter valued at $42,000. Optiver Holding B.V. bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at about $267,000. Jane Street Group LLC raised its holdings in 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 purchasing an additional 7,833 shares during the period. Scientech Research LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF during the 3rd quarter worth $521,000. Finally, Susquehanna International Group LLP raised 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 period.

About GraniteShares 2x Long INTC Daily ETF

(Get Free Report)

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.

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