GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) Stock Price Down 16.3% – Here’s Why

GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL)’s share price fell 16.3% during trading on Wednesday . The company traded as low as $0.4731 and last traded at $0.4765. 952,439 shares changed hands during mid-day trading, an increase of 65% from the average session volume of 578,507 shares. The stock had previously closed at $0.5691.

GraniteShares 2x Long LCID Daily ETF Stock Down 16.3%

The stock has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $2.63.

Institutional Trading of GraniteShares 2x Long LCID Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Long LCID Daily ETF stock. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) by 506.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,968 shares of the company’s stock after acquiring 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 as of its most recent filing with the Securities & Exchange Commission.

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.