GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Shares Shorted: Short Interest Down 36.6% in September

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 91,467 shares, a drop of 36.6% from the September 15th total of 144,157 shares. Based on an average daily volume of 30,923 shares, the short-interest ratio is currently 3.0 days. Approximately 16.0% of the shares of the stock are sold short.

Institutional Trading of GraniteShares 2x Long TSM Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC boosted its stake in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,145 shares of the company’s stock after acquiring an additional 473 shares during the period. Group One Trading LLC owned 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 Price Performance

NASDAQ:TSMU traded down $3.08 during trading hours on Friday, reaching $62.99. The company’s stock had a trading volume of 59,762 shares, compared to its average volume of 81,938. The firm has a 50-day simple moving average of $71.64 and a 200-day simple moving average of $69.97. GraniteShares 2x Long TSM Daily ETF has a 1 year low of $34.51 and a 1 year high of $93.29.

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.