GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Down 9.5% – Here’s What Happened

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) were down 9.5% during trading on Friday . The company traded as low as $51.48 and last traded at $52.31. Approximately 725,378 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 1,029,088 shares. The stock had previously closed at $57.82.

GraniteShares 2x Long INTC Daily ETF Price Performance

The stock has a 50 day moving average of $62.23 and a 200 day moving average of $49.85.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in INTW. Susquehanna International Group LLP lifted its stake 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 purchasing an additional 131,623 shares during the last quarter. Scientech Research LLC bought a new position in shares of GraniteShares 2x Long INTC Daily ETF in the 3rd quarter valued at $521,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF during the 2nd quarter worth $42,000. Finally, Jane Street Group LLC lifted its position in shares of 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 worth $401,000 after buying an additional 7,833 shares during 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.