GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Shares Up 3% – Should You Buy?

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU)’s share price traded up 3% during trading on Wednesday . The company traded as high as $72.01 and last traded at $71.05. 55,183 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 95,373 shares. The stock had previously closed at $68.95.

GraniteShares 2x Long TSM Daily ETF Trading Up 3.0%

The company has a 50-day moving average of $72.79 and a two-hundred day moving average of $64.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 672 shares of the company’s stock, valued at approximately $29,000. Group One Trading LLC owned 0.10% of GraniteShares 2x Long TSM Daily ETF at the end of the most recent quarter.

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.