GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Down – What’s Next?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $335.04, but opened at $303.61. GraniteShares 2x Long INTC Daily ETF shares last traded at $316.99, with a volume of 286,231 shares trading hands.

GraniteShares 2x Long INTC Daily ETF Price Performance

The stock’s 50-day moving average price is $130.14 and its 200 day moving average price is $80.91.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the second quarter worth $42,000. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at $289,000. Scientech Research LLC acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the 3rd quarter valued at $521,000. Finally, Susquehanna International Group LLP boosted its stake in shares of 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 valued at $5,693,000 after purchasing an additional 131,623 shares in 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.