GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Down – What’s Next?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $419.24, but opened at $347.80. GraniteShares 2x Long INTC Daily ETF shares last traded at $385.50, with a volume of 266,161 shares trading hands.

GraniteShares 2x Long INTC Daily ETF Price Performance

The business has a 50 day moving average price of $269.76 and a 200 day moving average price of $133.28.

Institutional Trading of GraniteShares 2x Long INTC Daily ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF during the second quarter worth approximately $42,000. Optiver Holding B.V. acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the first quarter worth $267,000. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the first quarter worth $289,000. Scientech Research LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the third quarter worth $521,000. Finally, Susquehanna International Group LLP increased 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 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.