GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Trading 3% Higher – Time to 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 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 Stock Down 2.1%

The company’s 50 day moving average price is $72.57 and its 200 day moving average price is $64.97.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 2x Long TSM Daily ETF stock. Simplex Trading LLC boosted 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 Form 13F filing with the Securities & Exchange Commission. The firm owned 2,982 shares of the company’s stock after purchasing 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 as of its most recent filing with the Securities & Exchange Commission.

About GraniteShares 2x Long TSM Daily ETF

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.