🔴 INTW is trading 4.8% down today following a post-split reset and Intel-related volatility

INTW is trading at $40.66 (-4.8%) following a post-split mechanical reset and volatility in the semiconductor sector.

• The move follows a sharp post-split mechanical reset in the ETF’s quoted price, which can create unusually large percentage changes even without an equivalent change in underlying fundamentals.
• As a fund that tracks 2x daily Intel exposure, price action is being amplified by swings in Intel (INTC) and an uneven tech rebound following last week’s selloff.