GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Trading Down 12.8% – Time to Sell?

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) shares were down 12.8% on Thursday . The company traded as low as $35.88 and last traded at $36.31. 4,877,026 shares traded hands during trading, a decline of 32% from the average daily volume of 7,177,686 shares. The stock had previously closed at $41.62.

GraniteShares 2x Long INTC Daily ETF Price Performance

The company’s 50-day moving average is $36.84 and its 200-day moving average is $18.03.

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

Hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP raised 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 buying an additional 131,623 shares during the period. Scientech Research LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF during the 3rd quarter valued at $521,000. Jane Street Group LLC boosted its position in GraniteShares 2x Long INTC Daily ETF by 62.8% during the second quarter. Jane Street Group LLC now owns 20,307 shares of the company’s stock worth $401,000 after purchasing an additional 7,833 shares during the period. Group One Trading LLC bought a new position in GraniteShares 2x Long INTC Daily ETF during the second quarter worth $42,000. Finally, Optiver Holding B.V. acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the first quarter valued at $267,000.

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.