GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) Trading Down 18.1% – Should You Sell?

Shares of GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) traded down 18.1% during mid-day trading on Thursday . The company traded as low as $0.7184 and last traded at $0.7322. 1,410,337 shares were traded during mid-day trading, an increase of 139% from the average session volume of 590,280 shares. The stock had previously closed at $0.8944.

GraniteShares 2x Long LCID Daily ETF Trading Down 18.1%

The business has a 50-day simple moving average of $0.76 and a two-hundred day simple moving average of $2.12.

Institutional Inflows and Outflows

A hedge fund recently raised its position in GraniteShares 2x Long LCID Daily ETF stock. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL) by 506.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,968 shares of the company’s stock after acquiring an additional 70,131 shares during the quarter. Optiver Holding B.V. owned about 1.22% of GraniteShares 2x Long LCID Daily ETF worth $188,000 as of its most recent SEC filing.

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.