ETFs  /  Leverage  /  INTW

Intel Corp 2x Long Single-Stock · Daily

INTW

GraniteShares 2x Long INTC Daily ETF

NAV · -
- - -
Today
-
Market - · - 30d
AUM
-
Expense
-
Leverage
2x
Inception
Feb 13, 2025
Exchange
-
Underlying INTC
INTC price - -
Implied INTW move - 2x today
Next earnings - -
30-day volatility - annualized

What's moving INTC

Updated daily

The catalysts driving the underlying - and why a leveraged, single-day vehicle like INTW exists. Each item is sourced; the last row is always the next scheduled catalyst.

Performance

INTW shown alongside its underlying so the leverage effect is visible in real numbers, not abstract language.

Growth of a $100 investment
-
-now
Total Return 1M 3M 6M YTD 1Y 3Y SI INTW - NAV ------- INTW - Market ------- INTC - Underlying -------

Past performance is no guarantee of future results. Returns over one year are annualized; "SI" = since inception (Feb 13, 2025). Leveraged ETFs reset daily; returns over periods longer than one day will differ from 2x the underlying.


Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. Returns for the fund would have been lower if the management fee had not been waived. Market price returns are based on the midpoint of the bid/ask spread at 4pm ET and do not represent the returns an investor would receive if shares were traded at other times.
For the fund's most recent month end performance, please call 1 (844) 476-8747

Premium / discount data & charts

How INTW's market price has traded relative to its NAV. Positive numbers are a premium; negative numbers are a discount.

Latest premium / discount as of -
NAV-
Market price-
Premium / (Discount)-
Current quarter as of -
Days at premium-
Days at NAV-
Days at discount-
Calendar year - vs -
Days at premium--
Days at NAV--
Days at discount--
Quarter detail
Greatest premium-
Greatest discount-
Days between −0.5% and 0.0%-
Days between 0.0% and 0.5%-
Historical premium / discount
- -
--

Chart Description
The amount the Fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

Premium / discount frequency trading days per range, selected quarter
-

Chart Description
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund’s net asset value (or NAV). The market price is the last price as published by the exchange on which the Fund is listed. It is generally the average of the bid-ask prices at 4:00 PM ET. The NAV is calculated by reference to the closing price of the positions held by the Fund. The vertical axis of the chart shows the premium or discount of the market price as percentage of the NAV. The horizontal axis shows the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Possible Time Discrepancies
The primary explanation is that timing discrepancies can arise between the NAV and the closing price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

Risk profile

Risk rating 5 / 5 · Highest

INTW is a 2x leveraged, single-stock ETF that resets daily. It is intended for sophisticated investors who actively monitor positions and hold for very short periods - often a single trading day. It is not a buy-and-hold investment.

Full risk disclosures

Investing involves risk, including possible loss of principal. Leveraged and single-stock ETFs are not suitable for all investors and present heightened risks including daily compounding, correlation, concentration, derivatives (swap) and counterparty risk. The fund is riskier than alternatives that do not use leverage. An investor could lose the full value of their investment within a single day. There is no guarantee the fund will meet its stated objective. Carefully consider the investment objectives, risks, charges and expenses before investing; read the prospectus. Distributed by ALPS Distributors, Inc.

Fund details

TickerINTW
CUSIP38747R 553
Leverage Factor2
UnderlyingIntel Corp
Total Expense Ratio-
Net Expense Ratio-
Management Fee-
AUM-
Inception DateFeb 13, 2025
Exchange-
CurrencyUSD
RebalanceDaily
30-Day Median Spread-
Premium / Discount-
Holding · Counterparty % Net
- -

Swap exposure totals 200% notional across counterparties, collateralised by T-bills & cash. As of -.

Distributions

Monthly distribution schedule and history. Distributions are not guaranteed and may include a return of capital.

Ex-Date Record Pay Date Total Income Return of Cap.
-
Next distribution
-
Ex-date · pays -
12-Month Distribution Rate
-
Based on the most recent 12 months of distributions and current NAV.

Where to buy INTW

INTW trades on under the ticker INTW. Buy it commission-free through any major brokerage - just search the ticker.

Etrade Fidelity Interactive Brokers Sofi Charles Schwab Robinhood

Frequently asked

What is INTW?

INTW is the GraniteShares 2x Long INTC Daily ETF. Seeks daily investment results, before fees and expenses, of 2x (200%) the daily percentage change of Intel Corp common stock.

What is the INTW expense ratio?

INTW has a net expense ratio of .

How do I buy INTW?

INTW trades on under the ticker INTW. You can buy it commission-free through most major brokerages, including Fidelity, Schwab, Robinhood and Interactive Brokers - just search INTW.

Does INTW hold Intel Corp stock?

INTW does not hold Intel Corp shares directly. It gains 2x exposure through total-return swaps referencing Intel Corp, collateralised by cash and short-term U.S. Treasuries.

Can I hold INTW long term?

INTW is designed to achieve its 2x objective for a single trading day. Because it rebalances daily, returns over longer periods can differ substantially from 2x the underlying's return. It is intended for active traders, not buy-and-hold investors.

Does INTW pay a distribution?

INTW may make an annual distribution. Distributions are not guaranteed and may include a return of capital.

What happens to INTW when Intel Corp reports earnings?

Earnings can drive large single-day moves in INTC, which INTW amplifies ~2x. See the catalyst feed above for the next scheduled report.

Documents

Track INTW, INTC & earnings.

Get NAV-move alerts above your threshold, Intel Corp earnings reminders, and launches for related products - tagged to INTW.

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ALPS is not affiliated with any mentioned entity. Client brokerage services not offered by ALPS. Please see third party site for more information about any mentioned services.

GraniteShares ETFs are not sponsored, endorsed, issued, sold, or promoted by these entities, nor do these entities make any representations regarding the advisability of investing in the GraniteShares ETFs. Neither ALPS Distributors, Inc nor GraniteShares are affiliated with these entities.

The Fund is distributed by ALPS Distributors, Inc, which is not affiliated with GraniteShares or any of its affiliates.