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

GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 382,373 shares, an increase of 22.4% from the February 26th total of 312,445 shares. Currently, 21.0% of the shares of the stock are sold short. Based on an average daily volume of 296,524 shares, the short-interest ratio is presently 1.3 days.

GraniteShares 2x Long LCID Daily ETF Stock Down 5.0%

LCDL traded down $0.11 during mid-day trading on Monday, reaching $2.09. The stock had a trading volume of 306,945 shares, compared to its average volume of 298,509. The firm’s fifty day simple moving average is $2.78 and its two-hundred day simple moving average is $6.76. GraniteShares 2x Long LCID Daily ETF has a 52 week low of $2.04 and a 52 week high of $41.67.

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.