GraniteShares 2x Long INTC Daily ETF Target of Unusually High Options Trading (NASDAQ:INTW)

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 3,038 call options on the company. This is an increase of approximately 1,060% compared to the average volume of 262 call options.

GraniteShares 2x Long INTC Daily ETF Price Performance

Shares of NASDAQ INTW opened at $57.87 on Thursday. GraniteShares 2x Long INTC Daily ETF has a 12-month low of $13.56 and a 12-month high of $90.32. The stock’s 50 day simple moving average is $57.67 and its 200 day simple moving average is $44.41.

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

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in GraniteShares 2x Long INTC Daily ETF during the 1st quarter valued at about $289,000. 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. Scientech Research LLC bought a new position in GraniteShares 2x Long INTC Daily ETF in the 3rd quarter worth approximately $521,000. Finally, Susquehanna International Group LLP increased its position 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 valued at $5,693,000 after acquiring an additional 131,623 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.