GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Up – Still a Buy?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTWGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $250.20, but opened at $282.82. GraniteShares 2x Long INTC Daily ETF shares last traded at $301.86, with a volume of 406,513 shares trading hands.

GraniteShares 2x Long INTC Daily ETF Stock Up 13.1%

The company’s fifty day moving average is $225.89 and its two-hundred day moving average is $115.48.

Institutional Trading of GraniteShares 2x Long INTC Daily ETF

Hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF in the second quarter valued at approximately $42,000. Optiver Holding B.V. purchased a new position in GraniteShares 2x Long INTC Daily ETF in the first quarter valued at approximately $267,000. Jane Street Group LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF in the first quarter valued at approximately $289,000. Scientech Research LLC purchased a new position in GraniteShares 2x Long INTC Daily ETF in the third quarter valued at approximately $521,000. Finally, Susquehanna International Group LLP increased its stake in 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 last quarter.

About GraniteShares 2x Long INTC Daily ETF

(Get Free Report)

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.

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