GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Down – Time to Sell?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) gapped down prior to trading on Thursday . The stock had previously closed at $322.87, but opened at $308.98. GraniteShares 2x Long INTC Daily ETF shares last traded at $306.39, with a volume of 340,234 shares.

GraniteShares 2x Long INTC Daily ETF Price Performance

The stock has a fifty day moving average price of $144.24 and a two-hundred day moving average price of $86.05.

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

Institutional investors have recently made changes to their positions in the stock. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the second quarter worth $42,000. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the first quarter worth $289,000. Scientech Research LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the third quarter worth $521,000. Finally, Susquehanna International Group LLP raised its holdings 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 last quarter.

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.