GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Trading 9% Higher – Should You Buy?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) traded up 9% during mid-day trading on Monday . The stock traded as high as $111.00 and last traded at $109.51. 555,855 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 965,513 shares. The stock had previously closed at $100.45.

GraniteShares 2x Long INTC Daily ETF Stock Up 2.6%

The company’s 50 day moving average price is $63.05 and its 200-day moving average price is $55.45.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP grew its position 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 valued at $5,693,000 after buying an additional 131,623 shares during the period. Scientech Research LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the third quarter valued at about $521,000. Group One Trading LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the second quarter valued at about $42,000. Finally, Jane Street Group LLC grew its position 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 buying an additional 7,833 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.