GraniteShares 2x Long TSM Daily ETF (TSMU)
GraniteShares 2x Long TSM Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $71.07, up 3.14% on the session, giving a market capitalisation of $31.8M. Its beta of 3.57 implies it has historically moved more than the broad market.
This Fund is engineered to capture daily investment results mirroring 200% (or double) the daily percentage change in the common stock of Taiwan Semiconductor Manufacturing Co Ltd (TSM), exclusive of fees and expenses. However, success in achieving this stated objective cannot be guaranteed. Crucially, the fund is not intended to provide twice the cumulative return of TSM over periods longer than a single trading day.
GraniteShares 2x Long TSM Daily ETF is most often compared with the following Financial Services names: