GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Down – Here’s Why

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $322.87, but opened at $308.98. GraniteShares 2x Long INTC Daily ETF shares last traded at $306.39, with a volume of 340,234 shares.

GraniteShares 2x Long INTC Daily ETF Stock Performance

The firm’s fifty day moving average price is $154.74 and its 200-day moving average price is $89.60.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INTW. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF during the second quarter worth $42,000. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF in the first quarter valued at $289,000. Scientech Research LLC acquired a new stake in GraniteShares 2x Long INTC Daily ETF in the third quarter valued at $521,000. Finally, Susquehanna International Group LLP increased its holdings 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 purchasing 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.