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

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $281.42, but opened at $312.06. GraniteShares 2x Long INTC Daily ETF shares last traded at $315.00, with a volume of 396,869 shares changing hands.

GraniteShares 2x Long INTC Daily ETF Trading Up 12.7%

The business has a 50-day moving average of $138.93 and a 200 day moving average of $84.16.

Institutional Trading of GraniteShares 2x Long INTC Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long INTC Daily ETF in the second quarter worth about $42,000. Jane Street Group LLC bought a new position in shares of GraniteShares 2x Long INTC Daily ETF in the first quarter worth about $289,000. Scientech Research LLC bought 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 boosted 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 acquiring an additional 131,623 shares during the period.

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.