GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Trading Up 11.1% – Should You Buy?

Shares of GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) were up 11.1% during trading on Wednesday . The stock traded as high as $61.00 and last traded at $57.96. Approximately 106,865 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 88,789 shares. The stock had previously closed at $52.17.

GraniteShares 2x Long TSM Daily ETF Stock Up 11.1%

The company’s 50 day moving average price is $55.44 and its 200 day moving average price is $47.83.

Institutional Trading of GraniteShares 2x Long TSM Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long TSM Daily ETF stock. Simplex Trading LLC lifted its stake in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 176.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,982 shares of the company’s stock after purchasing an additional 1,902 shares during the period. Simplex Trading LLC owned approximately 0.45% of GraniteShares 2x Long TSM Daily ETF worth $131,000 as of its most recent SEC filing.

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.