GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Down – Here’s Why

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $50.67, but opened at $47.24. GraniteShares 2x Long INTC Daily ETF shares last traded at $43.03, with a volume of 2,711,044 shares.

GraniteShares 2x Long INTC Daily ETF Trading Down 17.2%

The business’s 50-day simple moving average is $36.29 and its 200 day simple moving average is $17.78.

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

Institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP increased its position in shares of GraniteShares 2x Long INTC Daily ETF by 924.4% during 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. Scientech Research LLC acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the 3rd quarter worth $521,000. Group One Trading LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF during the 2nd quarter worth $42,000. Jane Street Group LLC grew its stake in GraniteShares 2x Long INTC Daily ETF by 62.8% during 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 last quarter. Finally, Optiver Holding B.V. acquired a new position in GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at about $267,000.

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.