GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Hits New 1-Year High – What’s Next?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares hit a new 52-week high on Tuesday . The stock traded as high as $407.99 and last traded at $390.07, with a volume of 1418394 shares traded. The stock had previously closed at $363.57.

GraniteShares 2x Long INTC Daily ETF Stock Performance

The firm has a 50-day simple moving average of $109.55 and a two-hundred day simple moving average of $73.67.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTW. Group One Trading LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF during the 2nd quarter worth about $42,000. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at about $289,000. Scientech Research LLC acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 3rd quarter valued at about $521,000. Finally, Susquehanna International Group LLP grew its position in shares of GraniteShares 2x Long INTC Daily ETF by 924.4% during the 3rd quarter. Susquehanna International Group LLP now owns 145,861 shares of the company’s stock valued at $5,693,000 after acquiring an additional 131,623 shares during the period.

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.