GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Trading 5% Higher – Still a Buy?

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) traded up 5% during trading on Wednesday . The stock traded as high as $68.87 and last traded at $68.23. 73,335 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 101,718 shares. The stock had previously closed at $65.00.

GraniteShares 2x Long TSM Daily ETF Price Performance

The company’s fifty day moving average is $59.70 and its 200 day moving average is $52.57.

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 raised its position in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% in the 1st quarter, according to its most recent Form 13F filing 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 quarter. Group One Trading LLC owned 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.