GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Stock Price Up 3% – Should You Buy?

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU)’s stock price rose 3% on Wednesday . The stock traded as high as $72.01 and last traded at $71.05. Approximately 55,183 shares were traded during trading, a decline of 42% from the average daily volume of 95,373 shares. The stock had previously closed at $68.95.

GraniteShares 2x Long TSM Daily ETF Price Performance

The stock’s 50-day simple moving average is $72.79 and its two-hundred day simple moving average is $64.83.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC boosted its holdings in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,145 shares of the company’s stock after buying an additional 473 shares during the period. Group One Trading LLC owned 0.17% of GraniteShares 2x Long TSM Daily ETF worth $58,000 as of its most recent SEC filing.

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.