GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) Sees Large Increase in Short Interest

GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 255,463 shares, an increase of 77.0% from the January 29th total of 144,314 shares. Currently, 14.0% of the company’s stock are short sold. Based on an average daily trading volume, of 330,704 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 330,704 shares, the short-interest ratio is currently 0.8 days. Currently, 14.0% of the company’s stock are short sold.

GraniteShares 2x Long LCID Daily ETF Stock Down 10.0%

NASDAQ:LCDL opened at $2.61 on Monday. GraniteShares 2x Long LCID Daily ETF has a 1-year low of $2.17 and a 1-year high of $41.67. The company has a 50-day moving average of $3.20 and a 200 day moving average of $8.49.

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.