GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Down – Here’s What Happened

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $335.04, but opened at $303.61. GraniteShares 2x Long INTC Daily ETF shares last traded at $316.99, with a volume of 286,231 shares trading hands.

GraniteShares 2x Long INTC Daily ETF Stock Down 9.0%

The stock’s fifty day moving average is $120.69 and its two-hundred day moving average is $77.73.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP raised its position in shares of 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 purchasing an additional 131,623 shares during the period. Group One Trading LLC bought a new stake in GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at $787,000. Scientech Research LLC purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the third quarter worth $521,000. Finally, Jane Street Group LLC purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the first quarter worth $289,000.

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.