GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Reaches New 1-Year High – Here’s Why

Shares of GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $421.00 and last traded at $398.00, with a volume of 239956 shares. The stock had previously closed at $379.08.

GraniteShares 2x Long INTC Daily ETF Price Performance

The firm has a fifty day simple moving average of $264.70 and a 200 day simple moving average of $131.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INTW. Group One Trading LLC purchased a new stake in GraniteShares 2x Long INTC Daily ETF in the 2nd quarter worth $42,000. Optiver Holding B.V. acquired a new position in GraniteShares 2x Long INTC Daily ETF during the first quarter worth $267,000. Jane Street Group LLC lifted its holdings in GraniteShares 2x Long INTC Daily ETF by 62.8% during the second quarter. Jane Street Group LLC now owns 20,307 shares of the company’s stock valued at $401,000 after purchasing an additional 7,833 shares in the last quarter. Scientech Research LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF during the third quarter valued at $521,000. Finally, Susquehanna International Group LLP grew its position 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 valued at $5,693,000 after purchasing 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.