GraniteShares 2x Long INTC Daily ETF (INTW)
GraniteShares 2x Long INTC Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $23.87, up 6.78% on the session, giving a market capitalisation of $345.9M. Its beta of 4.26 implies it has historically moved more than the broad market.
This Exchange Traded Fund (ETF) is designed to provide daily investment performance that is double (200%) the day-to-day percentage change in the share price of Intel Corporation (NASDAQ: INTC), prior to the deduction of its own fees and expenses. It is crucial to understand that the fund's ability to consistently achieve this specific target cannot be guaranteed. Moreover, investors should not expect this ETF to generate a cumulative return of twice INTC's performance over durations longer than a single trading day.
GraniteShares 2x Long INTC Daily ETF is most often compared with the following Financial Services names: