GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) Sees Large Increase in Short Interest

GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) saw a significant 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 trading volume of 18,423,742 shares, the days-to-cover ratio is currently 2.1 days. Currently, 554.9% of the shares of the company are short sold.

GraniteShares 2x Long LCID Daily ETF Price Performance

Shares of NASDAQ:LCDL opened at $0.29 on Friday. The stock’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

An institutional investor recently raised its stake in GraniteShares 2x Long LCID Daily ETF stock. Optiver Holding B.V. increased its holdings in GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) by 506.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,968 shares of the company’s stock after buying an additional 70,131 shares during the quarter. 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 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.