GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Down – Time to Sell?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $38.27, but opened at $34.45. GraniteShares 2x Long INTC Daily ETF shares last traded at $32.56, with a volume of 1,100,357 shares changing hands.

GraniteShares 2x Long INTC Daily ETF Trading Down 20.8%

The firm has a fifty day simple moving average of $38.25 and a two-hundred day simple moving average of $18.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Group One Trading LLC bought a new stake in GraniteShares 2x Long INTC Daily ETF in the 2nd quarter valued at about $42,000. Optiver Holding B.V. bought a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth about $267,000. Jane Street Group LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth about $289,000. Scientech Research LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF in the third quarter worth about $521,000. Finally, Susquehanna International Group LLP increased its stake 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 worth $5,693,000 after purchasing an additional 131,623 shares in the last quarter.

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.