Share-split context: A forward split was recorded on Jun 26, 2026 with coefficient 8. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

ETF Education Report: GRANITESHARES 2X LONG INTC DAILY ETF (INTW)

What this ETF is trying to do

The GRANITESHARES 2X LONG INTC DAILY ETF (INTW) is a specialized type of fund. It is a leveraged ETF, which means it uses financial tools to try and multiply the daily movements of its target. This specific fund is designed to provide twice the daily performance of Intel Corp (INTC).

What the numbers show

The current price of this ETF is $27.58. Because this fund has a history of share splits, we look at "split-adjusted" returns to understand its performance. A forward split occurred on June 26, 2026. In a forward split, each old share becomes multiple new shares (in this case, 8 new shares for every 1 old share). While the price per share changes during a split, your total ownership value stays the same at that exact moment.

The performance numbers for this fund are:

• Year-to-Date (YTD) Price Return: Approximately 411.33%

• One-Year Price Return: Approximately 363.82%

• YTD Total Return: Approximately 411.33%

• One-Year Total Return: Approximately 363.82%

Note that "price return" measures only the change in the share price. "Total return" includes both price changes and any cash distributions. For this ETF, the price return and total return figures are the same because no distributions were detected.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash, known as distributions. This ETF has a distribution yield of 0%. No distributions have been detected over the last 12 months.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases significantly over time. StockValueFinder uses an "erosion score" to measure this risk. For INTW, the erosion score is 100, and the label is "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Pros

• The fund has shown very high price returns year-to-date and over the last year.

• The erosion-risk measurements currently show no signs of price deterioration.

Cons

• This is a leveraged ETF, which means it can be much more volatile (move up and down quickly) than standard funds.

• There are no distributions or income payments provided by this fund.

Beginner takeaway

This ETF is a leveraged product designed for specific daily price movements. It has experienced significant price growth recently, but it does not pay out cash to investors. Always remember that leveraged funds carry different risks than traditional ETFs.