TSMU

GraniteShares 2x Long TSM Daily ETF

$39.54

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The GraniteShares 2x Long TSM Daily ETF (TSMU) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the TSMC (Taiwan Semiconductor Manufacturing Company) stock.

Overview

ETF tracking GraniteShares 2x Long TSM Daily ETF

Category Leveraged

Issuer Other

Inception Date 2024-11-12

Market Cap $19.8M

Average Volume N/A

Dividend Yield N/A

52-Week Range $11.49 - $46.71

VWAP $38.77

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

TSMU uses a leveraged strategy, aiming to amplify the daily returns of the TSMC stock by a factor of 2. The fund utilizes derivatives and other financial instruments to achieve this leveraged exposure.

✨ Key Features

Provides 2x daily leveraged exposure to the performance of TSMC stock
Designed for short-term trading and not suitable for long-term buy-and-hold investors
Expense ratio of 0.00%
Very low assets under management ($0)

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large daily fluctuations in the fund's net asset value
Tracking error risk, as the fund may not perfectly match the 2x daily performance of TSMC
Liquidity risk due to the low assets under management

👤 Best For

TSMU is designed for experienced, risk-tolerant investors who seek short-term, leveraged exposure to the performance of TSMC stock. This ETF is not suitable for long-term investors or those with a low risk tolerance.