GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) Shares Gap Down – Should You Sell?

Shares of GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) gapped down before the market opened on Wednesday . The stock had previously closed at $50.67, but opened at $47.24. GraniteShares 2x Long INTC Daily ETF shares last traded at $43.03, with a volume of 2,711,044 shares.

GraniteShares 2x Long INTC Daily ETF Trading Down 17.2%

The company’s fifty day moving average price is $36.29 and its 200-day moving average price is $17.78.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long INTC Daily ETF in the second quarter worth $42,000. Optiver Holding B.V. purchased a new stake in shares of GraniteShares 2x Long INTC Daily ETF during the first quarter valued at $267,000. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the 1st quarter valued at $289,000. Scientech Research LLC acquired a new position in shares of GraniteShares 2x Long INTC Daily ETF in the 3rd quarter valued at $521,000. Finally, Susquehanna International Group LLP raised its stake 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 worth $5,693,000 after acquiring an additional 131,623 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.