GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Up 8.3% – Should You Buy?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s share price shot up 8.3% during mid-day trading on Friday . The company traded as high as $326.88 and last traded at $321.40. 292,470 shares traded hands during trading, a decline of 68% from the average session volume of 924,838 shares. The stock had previously closed at $296.64.

GraniteShares 2x Long INTC Daily ETF Trading Up 13.3%

The firm’s 50-day moving average price is $220.40 and its two-hundred day moving average price is $113.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of INTW. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at about $289,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF during the 2nd quarter valued at about $42,000. Scientech Research LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF in the third quarter valued at about $521,000. Susquehanna International Group LLP lifted its position 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 valued at $5,693,000 after buying an additional 131,623 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new position in GraniteShares 2x Long INTC Daily ETF in the first quarter valued at about $267,000.

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.