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 changing hands.

GraniteShares 2x Long INTC Daily ETF Stock Performance

The company has a 50 day moving average price of $231.61 and a 200 day moving average price of $118.19.

Hedge Funds Weigh In On GraniteShares 2x Long INTC Daily ETF

Several large investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. bought a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth $267,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long INTC Daily ETF during the first quarter valued at approximately $787,000. Susquehanna International Group LLP grew its holdings 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 valued at $5,693,000 after purchasing an additional 131,623 shares during the last quarter. Scientech Research LLC bought a new position in shares of GraniteShares 2x Long INTC Daily ETF during the third quarter valued at approximately $521,000. Finally, Jane Street Group LLC grew its holdings in shares of GraniteShares 2x Long INTC Daily ETF by 62.8% during the second quarter. Jane Street Group LLC now owns 20,307 shares of the company’s stock valued at $401,000 after purchasing an additional 7,833 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.