GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Reaches New 52-Week High – Time to Buy?

Shares of GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $421.00 and last traded at $398.00, with a volume of 239956 shares trading hands. The stock had previously closed at $379.08.

GraniteShares 2x Long INTC Daily ETF Stock Performance

The firm’s 50 day moving average price is $252.95 and its 200-day moving average price is $126.43.

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

Several large investors have recently bought and sold shares of INTW. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF in the second quarter valued at approximately $42,000. Optiver Holding B.V. purchased a new position in GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at $267,000. Jane Street Group LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at $289,000. Scientech Research LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF during the 3rd quarter worth $521,000. Finally, Susquehanna International Group LLP boosted its stake 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 purchasing an additional 131,623 shares during the last quarter.

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.