GraniteShares 2x Long TSM Daily ETF (TSMU)

The GraniteShares 2x Long TSM Daily ETF (TSMU) is a leveraged single-stock fund from GraniteShares that seeks daily investment results equal to two times (200%) the daily percentage change in the American depositary shares of Taiwan Semiconductor Manufacturing Company (TSM). TSMC is a Hsinchu-based foundry that manufactures advanced chips for many of the world's semiconductor designers.

The fund uses swaps and other derivatives to achieve its leverage. It targets 2x returns for a single day only and rebalances daily, so performance over longer holding periods can diverge from twice TSMC's return. The ETF trades on the Nasdaq.