GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL – Get Free Report) was the recipient of a large increase in short interest during 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. Currently, 554.9% of the shares of the stock are sold short. Based on an average trading volume of 18,423,742 shares, the short-interest ratio is currently 2.1 days.
Institutional Investors Weigh In On GraniteShares 2x Long LCID Daily ETF
An institutional investor recently raised its stake in GraniteShares 2x Long LCID Daily ETF stock. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL – Free Report) by 506.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,968 shares of the company’s stock after buying an additional 70,131 shares during the period. Optiver Holding B.V. owned 1.22% of GraniteShares 2x Long LCID Daily ETF worth $188,000 at the end of the most recent reporting period.
GraniteShares 2x Long LCID Daily ETF Stock Performance
LCDL remained flat at $0.29 during midday trading on Friday. GraniteShares 2x Long LCID Daily ETF has a 12-month low of $0.04 and a 12-month high of $41.67. The company’s fifty day simple moving average is $0.64 and its two-hundred day simple moving average is $1.77.
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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