Short Interest in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Decreases By 60.3%

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 106,358 shares, a decrease of 60.3% from the May 31st total of 268,175 shares. Based on an average daily trading volume, of 70,567 shares, the days-to-cover ratio is currently 1.5 days. Currently, 16.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in GraniteShares 2x Long TSM Daily ETF stock. Simplex Trading LLC grew its position in shares of GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 176.1% in the fourth 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 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 at the end of the most recent quarter.

GraniteShares 2x Long TSM Daily ETF Price Performance

NASDAQ:TSMU traded up $2.22 during mid-day trading on Monday, hitting $78.30. 24,762 shares of the stock traded hands, compared to its average volume of 95,734. The business’s 50-day moving average price is $72.18 and its 200 day moving average price is $59.25. GraniteShares 2x Long TSM Daily ETF has a 12-month low of $25.97 and a 12-month high of $93.29.

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.