GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Trading Up 1.3% – Still a Buy?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTWGet Free Report)’s stock price shot up 1.3% during trading on Wednesday . The company traded as high as $53.69 and last traded at $53.22. 556,404 shares traded hands during trading, a decline of 36% from the average session volume of 871,345 shares. The stock had previously closed at $52.56.

GraniteShares 2x Long INTC Daily ETF Trading Up 1.3%

The firm has a 50-day simple moving average of $48.38 and a two-hundred day simple moving average of $30.69.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP boosted its stake in shares of 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. Scientech Research LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF during the third quarter valued at approximately $521,000. Jane Street Group LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF during the first quarter valued at approximately $289,000. Finally, Group One Trading LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF during the second quarter worth approximately $42,000.

About GraniteShares 2x Long INTC Daily ETF

(Get Free Report)

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.

Further Reading

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