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 rose 5.2% during mid-day trading on Friday . The company traded as high as $63.11 and last traded at $62.46. Approximately 72,728 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 98,413 shares. The stock had previously closed at $59.35.

GraniteShares 2x Long TSM Daily ETF Price Performance

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 2x Long TSM Daily ETF stock. Simplex Trading LLC grew its holdings in shares of GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 176.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,982 shares of the company’s stock after buying an additional 1,902 shares during the quarter. Simplex Trading LLC owned approximately 0.45% of GraniteShares 2x Long TSM Daily ETF worth $131,000 at the end of the most recent reporting period.

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.