GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Trading Down 12.8% – Should You Sell?

Shares of GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) dropped 12.8% during mid-day trading on Thursday . The company traded as low as $35.88 and last traded at $36.31. Approximately 4,877,026 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 7,177,686 shares. The stock had previously closed at $41.62.

GraniteShares 2x Long INTC Daily ETF Stock Performance

The company has a 50 day simple moving average of $37.77 and a two-hundred day simple moving average of $18.38.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at approximately $289,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF during the second quarter worth $42,000. Scientech Research LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF during the third quarter worth $521,000. Susquehanna International Group LLP lifted its position 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 during the period. Finally, Optiver Holding B.V. purchased a new stake in GraniteShares 2x Long INTC Daily ETF in the first quarter valued at $267,000.

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.