GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Trading Down 6.9% – Should You Sell?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares were down 6.9% during trading on Thursday . The stock traded as low as $51.90 and last traded at $53.06. Approximately 940,615 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 987,584 shares. The stock had previously closed at $57.00.

GraniteShares 2x Long INTC Daily ETF Stock Performance

The stock has a fifty day simple moving average of $47.04 and a 200-day simple moving average of $35.15.

Institutional Investors Weigh In On GraniteShares 2x Long INTC Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of INTW. Susquehanna International Group LLP boosted its position in GraniteShares 2x Long INTC Daily ETF by 924.4% during the 3rd quarter. Susquehanna International Group LLP now owns 145,861 shares of the company’s stock worth $5,693,000 after acquiring an additional 131,623 shares during the last quarter. Scientech Research LLC bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the third quarter worth $521,000. Jane Street Group LLC lifted its position in shares of 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 in the last quarter. Finally, Group One Trading LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the second quarter worth $42,000.

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.