GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Trading Down 6.5% – Time to Sell?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares were down 6.5% during trading on Wednesday . The company traded as low as $311.94 and last traded at $324.36. Approximately 285,832 shares were traded during trading, a decline of 70% from the average daily volume of 940,407 shares. The stock had previously closed at $346.88.

GraniteShares 2x Long INTC Daily ETF Trading Down 7.2%

The business’s 50-day moving average price is $165.95 and its 200 day moving average price is $93.93.

Institutional Trading of GraniteShares 2x Long INTC Daily ETF

A number of hedge funds have recently made changes to their positions in INTW. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 2nd quarter worth $42,000. Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 1st quarter worth $289,000. Scientech Research LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 3rd quarter worth $521,000. Finally, Susquehanna International Group LLP lifted its stake in GraniteShares 2x Long INTC Daily ETF by 924.4% in 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.

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.