GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Up – Still a Buy?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTWGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $30.68, but opened at $33.13. GraniteShares 2x Long INTC Daily ETF shares last traded at $33.61, with a volume of 1,451,749 shares.

GraniteShares 2x Long INTC Daily ETF Trading Down 5.0%

The business’s fifty day simple moving average is $38.89 and its 200-day simple moving average is $19.32.

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

Several institutional investors have recently bought and sold shares of INTW. Susquehanna International Group LLP lifted its stake in GraniteShares 2x Long INTC Daily ETF by 924.4% in the 3rd 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. Jane Street Group LLC grew its position in shares of GraniteShares 2x Long INTC Daily ETF by 62.8% during the second quarter. Jane Street Group LLC now owns 20,307 shares of the company’s stock valued at $401,000 after purchasing an additional 7,833 shares in the last quarter. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF during the first quarter valued at about $787,000. Scientech Research LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the third quarter worth about $521,000. Finally, Optiver Holding B.V. purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the first quarter worth about $267,000.

About GraniteShares 2x Long INTC Daily ETF

(Get Free Report)

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.

Further Reading

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