GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Reaches New 12-Month High – Here’s Why

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $407.99 and last traded at $390.07, with a volume of 1418394 shares traded. The stock had previously closed at $363.57.

GraniteShares 2x Long INTC Daily ETF Trading Down 0.8%

The firm has a 50-day moving average of $120.69 and a 200-day moving average of $77.73.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP lifted its holdings 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 buying an additional 131,623 shares during the period. Jane Street Group LLC lifted its holdings in GraniteShares 2x Long INTC Daily ETF by 62.8% in the 2nd quarter. Jane Street Group LLC now owns 20,307 shares of the company’s stock worth $401,000 after buying an additional 7,833 shares during the period. Group One Trading LLC purchased a new stake in GraniteShares 2x Long INTC Daily ETF in the 1st quarter worth approximately $787,000. Finally, Scientech Research LLC purchased a new stake in GraniteShares 2x Long INTC Daily ETF in the 3rd quarter worth approximately $521,000.

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.