GraniteShares 2x Long INTC Daily ETF (INTW)

The GraniteShares 2x Long INTC Daily ETF is a single-stock leveraged fund from GraniteShares. It seeks daily investment results equal to two times (200%) the daily percentage change in the share price of Intel Corporation, the chip designer and manufacturer.

The fund generally uses swap agreements to achieve its leveraged exposure rather than simply holding Intel shares. Its objective applies to one trading day at a time, and the leverage is reset daily, so over longer periods compounding can cause results to diverge meaningfully from twice Intel's performance. INTW is designed as a short-term trading tool.