GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Reaches New 52-Week High – Time to Buy?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $421.00 and last traded at $398.00, with a volume of 239956 shares. The stock had previously closed at $379.08.

GraniteShares 2x Long INTC Daily ETF Trading Up 6.3%

The company’s 50 day moving average price is $252.95 and its 200 day moving average price is $126.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of INTW. Group One Trading LLC purchased a new stake in GraniteShares 2x Long INTC Daily ETF in the second quarter valued at approximately $42,000. Optiver Holding B.V. acquired a new stake in shares of GraniteShares 2x Long INTC Daily ETF in the first quarter worth $267,000. Jane Street Group LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF during the first quarter worth $289,000. Scientech Research LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF during the third quarter worth $521,000. Finally, Susquehanna International Group LLP lifted its position 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 valued at $5,693,000 after purchasing an additional 131,623 shares during the period.

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.