GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Shares Up 10.7% – Time to Buy?

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU)’s stock price were up 10.7% during trading on Tuesday . The stock traded as high as $71.17 and last traded at $70.90. Approximately 132,587 shares were traded during mid-day trading, an increase of 34% from the average session volume of 98,664 shares. The stock had previously closed at $64.03.

GraniteShares 2x Long TSM Daily ETF Stock Performance

The business has a 50-day moving average price of $74.97 and a two-hundred day moving average price of $63.32.

Hedge Funds Weigh In On GraniteShares 2x Long TSM Daily ETF

A hedge fund recently raised its stake in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC increased its position in shares of GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,145 shares of the company’s stock after buying 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 reporting period.

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.