GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Down – Time to Sell?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares gapped down prior to trading on Tuesday . The stock had previously closed at $38.27, but opened at $34.45. GraniteShares 2x Long INTC Daily ETF shares last traded at $32.56, with a volume of 1,100,357 shares.

GraniteShares 2x Long INTC Daily ETF Stock Down 20.8%

The business’s 50 day moving average is $38.25 and its two-hundred day moving average is $18.70.

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

Several hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. bought a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at $267,000. Group One Trading LLC bought a new position in GraniteShares 2x Long INTC Daily ETF in the 1st quarter worth about $787,000. Susquehanna International Group LLP boosted its stake in GraniteShares 2x Long INTC Daily ETF by 924.4% in 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 period. Scientech Research LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF during the 3rd quarter valued at about $521,000. Finally, Jane Street Group LLC grew its holdings in GraniteShares 2x Long INTC Daily ETF by 62.8% during the 2nd 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 in the last quarter.

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.