GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Short Interest Down 60.3% in June

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 106,358 shares, a decrease of 60.3% from the May 31st total of 268,175 shares. Based on an average daily volume of 70,567 shares, the short-interest ratio is currently 1.5 days. Currently, 16.1% of the company’s shares are short sold.

GraniteShares 2x Long TSM Daily ETF Price Performance

Shares of NASDAQ:TSMU opened at $92.13 on Wednesday. The business has a 50-day moving average price of $73.35 and a 200 day moving average price of $59.85. GraniteShares 2x Long TSM Daily ETF has a 12-month low of $25.97 and a 12-month high of $93.29.

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. Group One Trading LLC boosted its stake in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,145 shares of the company’s stock after purchasing an additional 473 shares during the period. 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.

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.