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

GraniteShares 2x Long TSM Daily ETF (NASDAQ:TSMU) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 91,467 shares, a decrease of 36.6% from the September 15th total of 144,157 shares. Currently, 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.

Institutional Investors Weigh In On GraniteShares 2x Long TSM Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long TSM Daily ETF stock. Group One Trading LLC lifted its stake in 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. The firm owned 1,145 shares of the company’s stock after purchasing 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.

GraniteShares 2x Long TSM Daily ETF Stock Down 4.0%

Shares of TSMU stock opened at $66.07 on Friday. The stock has a fifty day moving average of $71.74 and a 200 day moving average of $70.02. GraniteShares 2x Long TSM Daily ETF has a 52 week low of $34.51 and a 52 week high of $93.29.

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.