GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 38,124,243 shares, an increase of 3,430.2% from the June 30th total of 1,079,940 shares. Based on an average daily trading volume, of 18,423,742 shares, the days-to-cover ratio is currently 2.1 days. Currently, 554.9% of the company’s stock are short sold.
GraniteShares 2x Long LCID Daily ETF Stock Performance
Shares of NASDAQ:LCDL opened at $0.29 on Friday. The business’s 50 day simple moving average is $0.63 and its two-hundred day simple moving average is $1.76. GraniteShares 2x Long LCID Daily ETF has a 52-week low of $0.04 and a 52-week high of $41.67.
Hedge Funds Weigh In On GraniteShares 2x Long LCID Daily ETF
A hedge fund recently raised its position in GraniteShares 2x Long LCID Daily ETF stock. Optiver Holding B.V. increased its position in GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL – Free Report) by 506.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,968 shares of the company’s stock after purchasing an additional 70,131 shares during the period. Optiver Holding B.V. owned approximately 1.22% of GraniteShares 2x Long LCID Daily ETF worth $188,000 at the end of the most recent quarter.
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.
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