GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Up – Should You Buy?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares gapped up prior to trading on Wednesday . The stock had previously closed at $292.80, but opened at $315.09. GraniteShares 2x Long INTC Daily ETF shares last traded at $304.80, with a volume of 123,710 shares traded.

GraniteShares 2x Long INTC Daily ETF Trading Up 20.7%

The business’s fifty day moving average price is $247.17 and its 200-day moving average price is $124.13.

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

Hedge funds have recently bought and sold shares of the company. Group One Trading LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF during the second quarter worth about $42,000. Optiver Holding B.V. bought a new position in shares of GraniteShares 2x Long INTC Daily ETF during the 1st quarter worth $267,000. Jane Street Group LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth about $289,000. Scientech Research LLC bought a new position in GraniteShares 2x Long INTC Daily ETF in the 3rd quarter worth approximately $521,000. Finally, Susquehanna International Group LLP boosted 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 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.