GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Shares Up 1.3% – Here’s What Happened

Shares of GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) traded up 1.3% during mid-day trading on Thursday. The company traded as high as $79.31 and last traded at $79.15. 19,685 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 83,660 shares. The stock had previously closed at $78.16.

GraniteShares 2x Long TSM Daily ETF Price Performance

The stock’s 50-day moving average is $69.24 and its 200-day moving average is $68.22.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC lifted its holdings in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,145 shares of the company’s stock after purchasing an additional 473 shares during the period. Group One Trading LLC owned about 0.17% of GraniteShares 2x Long TSM Daily ETF worth $58,000 at the end of the most recent reporting period.

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.