GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Stock Price Up 7.4% – Here’s What Happened

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares shot up 7.4% during trading on Tuesday . The stock traded as high as $287.80 and last traded at $287.64. 581,465 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 953,559 shares. The stock had previously closed at $267.86.

GraniteShares 2x Long INTC Daily ETF Price Performance

The firm has a 50-day moving average of $134.34 and a 200 day moving average of $82.58.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INTW. Susquehanna International Group LLP lifted its holdings 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 buying an additional 131,623 shares during the period. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the 1st quarter worth approximately $787,000. Scientech Research LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the 3rd quarter worth approximately $521,000. Finally, Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the 1st quarter worth approximately $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.