GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Trading Down 6.5% – Time to Sell?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s share price fell 6.5% on Wednesday . The stock traded as low as $311.94 and last traded at $324.36. 285,832 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 940,407 shares. The stock had previously closed at $346.88.

GraniteShares 2x Long INTC Daily ETF Price Performance

The firm’s 50 day simple moving average is $165.95 and its two-hundred day simple moving average is $93.93.

Institutional Trading of GraniteShares 2x Long INTC Daily ETF

Several hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC bought a new stake in GraniteShares 2x Long INTC Daily ETF in the second quarter worth $42,000. Jane Street Group LLC lifted its stake in GraniteShares 2x Long INTC Daily ETF by 62.8% in the second quarter. Jane Street Group LLC now owns 20,307 shares of the company’s stock worth $401,000 after purchasing an additional 7,833 shares during the last quarter. Scientech Research LLC bought a new stake in GraniteShares 2x Long INTC Daily ETF in the third quarter worth $521,000. Finally, Susquehanna International Group LLP lifted its stake in 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 worth $5,693,000 after purchasing an additional 131,623 shares during the last quarter.

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.