GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) Short Interest Up 22.3% in February

GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 312,445 shares, an increase of 22.3% from the February 12th total of 255,463 shares. Currently, 17.2% of the shares of the company are sold short. Based on an average trading volume of 280,867 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 280,867 shares, the short-interest ratio is presently 1.1 days. Currently, 17.2% of the shares of the company are sold short.

GraniteShares 2x Long LCID Daily ETF Price Performance

NASDAQ LCDL opened at $2.70 on Wednesday. GraniteShares 2x Long LCID Daily ETF has a 52-week low of $2.17 and a 52-week high of $41.67. The firm has a 50-day moving average price of $2.92 and a 200 day moving average price of $7.36.

About GraniteShares 2x Long LCID Daily ETF

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.