GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Stock Price Up 7.4% – Still a Buy?

Shares of GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) rose 7.4% on Tuesday . The company traded as high as $287.80 and last traded at $287.64. Approximately 581,465 shares changed hands during trading, a decline of 39% from the average daily volume of 953,559 shares. The stock had previously closed at $267.86.

GraniteShares 2x Long INTC Daily ETF Stock Performance

The stock has a 50-day moving average of $149.46 and a two-hundred day moving average of $87.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP increased its holdings 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 worth $5,693,000 after purchasing an additional 131,623 shares in the last quarter. Scientech Research LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the 3rd quarter worth $521,000. Jane Street Group LLC increased its holdings in shares of GraniteShares 2x Long INTC Daily ETF by 62.8% in the 2nd 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 in the last quarter. Finally, Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the 2nd quarter worth $42,000.

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.