GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) Short Interest Down 20.8% in March

GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 302,658 shares, a drop of 20.8% from the March 15th total of 382,373 shares. Currently, 16.4% of the shares of the company are sold short. Based on an average daily volume of 219,352 shares, the short-interest ratio is presently 1.4 days.

GraniteShares 2x Long LCID Daily ETF Trading Down 10.8%

GraniteShares 2x Long LCID Daily ETF stock traded down $0.16 during mid-day trading on Friday, reaching $1.28. The company had a trading volume of 1,063,438 shares, compared to its average volume of 375,942. The stock’s 50-day simple moving average is $2.44 and its 200-day simple moving average is $5.53. GraniteShares 2x Long LCID Daily ETF has a 1 year low of $1.25 and a 1 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.