The correlation of INTC with the general index averages is now tightly coupled. If they go down, INTC goes down. If they go up, INTC goes up. You can see this in the periodic pulses in volume of INTC shares. If the ETF's are creating new units, they will be buying INTC shares. If they are cashing in the ETF units, the pulse will be selling.
Intel is part of many, many composite indices. INTC movement will be a composite of all of those unless there is INTC specific news.