GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Trading Up 6.6% – Here’s Why

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU)’s share price shot up 6.6% during mid-day trading on Thursday . The company traded as high as $74.12 and last traded at $73.50. 39,894 shares traded hands during trading, a decline of 59% from the average session volume of 98,209 shares. The stock had previously closed at $68.96.

GraniteShares 2x Long TSM Daily ETF Price Performance

The firm has a 50-day moving average price of $66.89 and a two-hundred day moving average price of $56.22.

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

A hedge fund recently raised its stake in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC grew its holdings in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,145 shares of the company’s stock after acquiring an additional 473 shares during the quarter. Group One Trading LLC owned 0.17% of GraniteShares 2x Long TSM Daily ETF worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

About GraniteShares 2x Long TSM Daily ETF

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.