GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) Short Interest Up 22.4% in March

GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 382,373 shares, a growth of 22.4% from the February 26th total of 312,445 shares. Currently, 21.0% of the company’s stock are short sold. Based on an average daily trading volume, of 296,524 shares, the short-interest ratio is currently 1.3 days.

GraniteShares 2x Long LCID Daily ETF Price Performance

Shares of NASDAQ LCDL traded up $0.15 during midday trading on Tuesday, hitting $2.24. 368,977 shares of the company’s stock were exchanged, compared to its average volume of 299,718. The firm’s fifty day simple moving average is $2.77 and its 200-day simple moving average is $6.69. GraniteShares 2x Long LCID Daily ETF has a twelve month low of $2.04 and a twelve month 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.