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

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 71,138 shares, an increase of 117.3% from the December 31st total of 32,744 shares. Based on an average daily volume of 121,944 shares, the days-to-cover ratio is presently 0.6 days. Approximately 10.9% of the shares of the company are short sold. Approximately 10.9% of the shares of the company are short sold. Based on an average daily volume of 121,944 shares, the days-to-cover ratio is presently 0.6 days.

GraniteShares 2x Long TSM Daily ETF Price Performance

Shares of NASDAQ:TSMU opened at $50.81 on Friday. The company’s 50-day moving average is $45.69 and its 200 day moving average is $39.39. GraniteShares 2x Long TSM Daily ETF has a fifty-two week low of $10.30 and a fifty-two week high of $57.70.

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.