GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Down 6.5% – What’s Next?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s share price dropped 6.5% during mid-day trading on Wednesday . The company traded as low as $311.94 and last traded at $324.36. Approximately 285,832 shares traded hands 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 Stock Performance

The stock’s 50 day moving average is $177.16 and its 200-day moving average is $97.98.

Institutional Investors Weigh In On GraniteShares 2x Long INTC Daily ETF

A number of hedge funds have recently bought and sold shares of the business. Group One Trading LLC purchased a new stake in GraniteShares 2x Long INTC Daily ETF during the first quarter valued at $787,000. Susquehanna International Group LLP raised its stake in 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 in the last quarter. Scientech Research LLC purchased a new stake in GraniteShares 2x Long INTC Daily ETF during the third quarter valued at $521,000. Finally, Jane Street Group LLC raised its stake in 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 in 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.