GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Up 10.1% – What’s Next?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares rose 10.1% on Monday . The company traded as high as $40.90 and last traded at $40.86. Approximately 801,603 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 7,133,699 shares. The stock had previously closed at $37.10.

GraniteShares 2x Long INTC Daily ETF Trading Up 7.1%

The firm has a fifty day simple moving average of $37.77 and a 200-day simple moving average of $18.47.

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

Large investors have recently modified their holdings of the stock. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 2nd quarter worth about $42,000. Optiver Holding B.V. acquired a new position in GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at about $267,000. Jane Street Group LLC raised its holdings in GraniteShares 2x Long INTC Daily ETF by 62.8% in the 2nd quarter. Jane Street Group LLC now owns 20,307 shares of the company’s stock valued at $401,000 after acquiring an additional 7,833 shares during the period. Scientech Research LLC bought a new position in GraniteShares 2x Long INTC Daily ETF in the 3rd quarter valued at about $521,000. Finally, Susquehanna International Group LLP raised its holdings in 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 acquiring an additional 131,623 shares during the period.

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.