Leverage Shares 2X Long TSM Daily ETF (NASDAQ:TSMG) Sees Large Decrease in Short Interest

Leverage Shares 2X Long TSM Daily ETF (NASDAQ:TSMG) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 66,878 shares, a decrease of 43.6% from the July 15th total of 118,507 shares. Currently, 7.4% of the shares of the company are sold short. Based on an average trading volume of 123,203 shares, the days-to-cover ratio is presently 0.5 days.

Leverage Shares 2X Long TSM Daily ETF Trading Up 3.1%

TSMG traded up $1.19 during trading hours on Monday, hitting $40.20. The stock had a trading volume of 23,767 shares, compared to its average volume of 107,208. Leverage Shares 2X Long TSM Daily ETF has a 1 year low of $15.43 and a 1 year high of $51.24. The company’s fifty day simple moving average is $40.18 and its 200 day simple moving average is $35.82.

About Leverage Shares 2X Long TSM Daily ETF

The Leverage Shares 2X Long TSM Daily ETF (TSMG) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x leveraged exposure to the daily price movement of Taiwan Semiconductor stock, less fees, and expenses. TSMG was launched on Jan 14, 2025 and is issued by Leverage Shares.