Short Interest in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) Decreases By 54.5%

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 101,679 shares, a decrease of 54.5% from the July 15th total of 223,671 shares. Based on an average daily volume of 101,421 shares, the short-interest ratio is currently 1.0 days. Currently, 10.7% of the shares of the stock are short sold.

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 grew its position in GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) by 70.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,145 shares of the company’s stock after acquiring an additional 473 shares during the quarter. Group One Trading LLC owned 0.17% of GraniteShares 2x Long TSM Daily ETF worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long TSM Daily ETF Trading Down 2.1%

Shares of GraniteShares 2x Long TSM Daily ETF stock traded down $1.50 during trading on Friday, reaching $70.15. 28,142 shares of the stock traded hands, compared to its average volume of 94,661. GraniteShares 2x Long TSM Daily ETF has a 52-week low of $25.97 and a 52-week high of $93.29. The business has a fifty day simple moving average of $72.53 and a two-hundred day simple moving average of $65.01.

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.