GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Trading Down 6.9% – Here’s What Happened

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares traded down 6.9% during mid-day trading on Thursday . The stock traded as low as $51.90 and last traded at $53.06. 940,615 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 987,584 shares. The stock had previously closed at $57.00.

GraniteShares 2x Long INTC Daily ETF Stock Down 6.9%

The company’s 50 day moving average price is $46.83 and its 200 day moving average price is $34.72.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the 2nd quarter worth approximately $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 approximately $289,000. Scientech Research LLC purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the third quarter valued at approximately $521,000. Finally, Susquehanna International Group LLP grew its holdings in GraniteShares 2x Long INTC Daily ETF by 924.4% during 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.

GraniteShares 2x Long INTC Daily ETF Company Profile

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.