GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) Short Interest Update

GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 144,314 shares, a drop of 40.5% from the January 15th total of 242,660 shares. Currently, 7.9% of the company’s shares are sold short. Based on an average daily volume of 333,181 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 333,181 shares, the days-to-cover ratio is currently 0.4 days. Currently, 7.9% of the company’s shares are sold short.

GraniteShares 2x Long LCID Daily ETF Price Performance

Shares of LCDL stock traded up $0.18 during mid-day trading on Friday, hitting $2.77. The stock had a trading volume of 235,322 shares, compared to its average volume of 304,401. GraniteShares 2x Long LCID Daily ETF has a 12-month low of $2.45 and a 12-month high of $41.67. The firm’s 50-day moving average is $3.62 and its two-hundred day moving average is $10.06.

GraniteShares 2x Long LCID Daily ETF Company Profile

GraniteShares ETF Trust – GraniteShares 2x Long LCID Daily ETF is an exchange traded fund launched by GraniteShares Inc The fund is managed by GraniteShares Advisors LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across automotive industry, designing, developing, manufacturing, and selling electric vehicles, ev powertrains and battery systems using its own equipment and factories sectors. It uses derivatives such as swaps to create its portfolio.