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

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 91,467 shares, a decline of 36.6% from the September 15th total of 144,157 shares. Approximately 16.0% of the company’s shares are short sold. Based on an average trading volume of 30,923 shares, the days-to-cover ratio is currently 3.0 days.

GraniteShares 2x Long TSM Daily ETF Trading Down 4.7%

GraniteShares 2x Long TSM Daily ETF stock opened at $62.99 on Friday. The business’s 50-day simple moving average is $71.64 and its 200 day simple moving average is $69.97. GraniteShares 2x Long TSM Daily ETF has a 12-month low of $34.51 and a 12-month high of $93.29.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC lifted its holdings in shares of GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,145 shares of the company’s stock after buying 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.

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.