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

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

GraniteShares 2x Long LCID Daily ETF Price Performance

NASDAQ LCDL traded down $0.29 on Friday, hitting $2.61. The stock had a trading volume of 251,048 shares, compared to its average volume of 324,632. The company’s 50-day moving average is $3.20 and its two-hundred day moving average is $8.64. GraniteShares 2x Long LCID Daily ETF has a one year low of $2.17 and a one year 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.