GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Stock Price Up 1.3% – Here’s Why

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares traded up 1.3% during mid-day trading on Wednesday . The stock traded as high as $53.69 and last traded at $53.22. 556,404 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 871,345 shares. The stock had previously closed at $52.56.

GraniteShares 2x Long INTC Daily ETF Price Performance

The firm’s 50 day simple moving average is $48.38 and its 200-day simple moving average is $30.69.

Institutional Investors Weigh In On GraniteShares 2x Long INTC Daily ETF

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at approximately $289,000. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the second quarter valued at approximately $42,000. Scientech Research LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the third quarter worth $521,000. Finally, Susquehanna International Group LLP raised its position 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 worth $5,693,000 after acquiring an additional 131,623 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.