GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Stock Price Up 6.6% – Here’s What Happened

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) shot up 6.6% on Thursday . The company traded as high as $74.12 and last traded at $73.50. 39,894 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 98,209 shares. The stock had previously closed at $68.96.

GraniteShares 2x Long TSM Daily ETF Price Performance

The business’s fifty day moving average is $67.35 and its two-hundred day moving average is $56.35.

Hedge Funds Weigh In On GraniteShares 2x Long TSM Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long TSM Daily ETF stock. Simplex Trading LLC increased its position in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 176.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,982 shares of the company’s stock after acquiring an additional 1,902 shares during the period. Simplex Trading LLC owned about 0.45% of GraniteShares 2x Long TSM Daily ETF worth $131,000 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.