GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Trading Up 5.2% – Here’s Why

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU)’s share price shot up 5.2% during trading on Friday . The company traded as high as $63.11 and last traded at $62.46. 72,728 shares were traded during trading, a decline of 26% from the average session volume of 98,413 shares. The stock had previously closed at $59.35.

GraniteShares 2x Long TSM Daily ETF Price Performance

The firm has a 50 day simple moving average of $50.60 and a 200-day simple moving average of $42.26.

Institutional Investors Weigh In On GraniteShares 2x Long TSM Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 672 shares of the company’s stock, valued at approximately $29,000. Group One Trading LLC owned 0.10% of GraniteShares 2x Long TSM Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long TSM Daily ETF Company Profile

The GraniteShares 2x Long TSM Daily ETF (TSMU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Taiwan Semiconductor Manufacturing Co Ltd (ticker: TSM) stock. TSMU was launched on Nov 11, 2024 and is issued by GraniteShares.