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

GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $30.81, but opened at $28.76. GraniteShares 2x Long INTC Daily ETF shares last traded at $29.2580, with a volume of 1,658,701 shares changing hands.

GraniteShares 2x Long INTC Daily ETF Trading Down 6.5%

The business’s fifty day moving average price is $23.85 and its 200 day moving average price is $26.63.

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

An institutional investor recently bought a new position in GraniteShares 2x Long INTC Daily ETF stock. Optiver Holding B.V. purchased a new stake in GraniteShares 2x Long INTC Daily ETF (NASDAQ:INTW) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,149 shares of the company’s stock, valued at approximately $267,000. Optiver Holding B.V. owned 0.30% of GraniteShares 2x Long INTC Daily ETF as of its most recent filing with the Securities & Exchange Commission.

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.