GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Sees Large Drop in Short Interest

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 91,467 shares, a decrease of 36.6% from the September 15th total of 144,157 shares. Approximately 16.0% of the company’s shares are sold short. Based on an average trading volume of 30,923 shares, the short-interest ratio is presently 3.0 days.

GraniteShares 2x Long TSM Daily ETF Trading Down 4.0%

GraniteShares 2x Long TSM Daily ETF stock opened at $66.07 on Friday. The firm has a 50-day moving average of $71.74 and a 200-day moving average of $70.02. GraniteShares 2x Long TSM Daily ETF has a 1-year low of $34.51 and a 1-year high of $93.29.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC grew its holdings in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,145 shares of the company’s stock after buying an additional 473 shares during the quarter. Group One Trading LLC owned approximately 0.17% of GraniteShares 2x Long TSM Daily ETF worth $58,000 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.