GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Shares Up 10.7% – Here’s What Happened

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) shares shot up 10.7% on Tuesday . The company traded as high as $71.17 and last traded at $70.90. Approximately 132,587 shares traded hands during trading, an increase of 34% from the average session volume of 98,664 shares. The stock had previously closed at $64.03.

GraniteShares 2x Long TSM Daily ETF Trading Up 10.7%

The company’s 50 day moving average is $74.94 and its 200-day moving average is $63.14.

Institutional Trading of GraniteShares 2x Long TSM Daily ETF

An institutional investor recently raised its stake in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC lifted its holdings in shares of GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 SEC.

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.