GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Trading Down 1.6% – Here’s Why

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) shares fell 1.6% during mid-day trading on Wednesday . The stock traded as low as $70.77 and last traded at $71.88. 17,662 shares were traded during trading, a decline of 80% from the average daily volume of 88,652 shares. The stock had previously closed at $73.05.

GraniteShares 2x Long TSM Daily ETF Stock Performance

The business has a 50 day moving average price of $68.20 and a two-hundred day moving average price of $66.53.

Institutional Inflows and Outflows

A hedge fund recently raised its position in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC boosted its holdings in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,145 shares of the company’s stock after purchasing an additional 473 shares during the quarter. Group One Trading LLC owned about 0.17% of GraniteShares 2x Long TSM Daily ETF worth $58,000 at the end of the most recent quarter.

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.