GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) Short Interest Up 77.0% in February

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

GraniteShares 2x Long LCID Daily ETF Stock Performance

NASDAQ:LCDL traded down $0.29 during trading hours on Friday, reaching $2.61. 251,048 shares of the company were exchanged, compared to its average volume of 324,632. The stock has a 50 day simple moving average of $3.20 and a 200 day simple moving average of $8.64. GraniteShares 2x Long LCID Daily ETF has a 52-week low of $2.17 and a 52-week high of $41.67.

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.