GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Sees Significant Decline in Short Interest

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 159,886 shares, a decrease of 22.4% from the March 15th total of 206,105 shares. Approximately 21.0% of the company’s stock are sold short. Based on an average daily volume of 64,392 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On GraniteShares 2x Long TSM Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 672 shares of the company’s stock, valued at approximately $29,000. Group One Trading LLC owned approximately 0.10% of GraniteShares 2x Long TSM Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long TSM Daily ETF Price Performance

TSMU stock traded up $1.13 during midday trading on Friday, hitting $58.53. The stock had a trading volume of 220,333 shares, compared to its average volume of 96,098. The business has a 50-day moving average of $56.43 and a two-hundred day moving average of $48.64. GraniteShares 2x Long TSM Daily ETF has a 52-week low of $11.95 and a 52-week high of $69.31.

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.