GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) Stock Price Up 6.2% – Time to Buy?

GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDLGet Free Report) shot up 6.2% during mid-day trading on Friday . The stock traded as high as $4.26 and last traded at $4.11. 108,845 shares traded hands during trading, a decline of 16% from the average session volume of 129,131 shares. The stock had previously closed at $3.87.

GraniteShares 2x Long LCID Daily ETF Stock Up 6.2%

The firm has a fifty day moving average price of $7.87 and a 200 day moving average price of $15.33.

About GraniteShares 2x Long LCID Daily ETF

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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.

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