GraniteShares 2x Long LCID Daily ETF (LCDL)
GraniteShares 2x Long LCID Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $0.29, up 0.00% on the session, giving a market capitalisation of $77,923. Its beta of -0.95 implies it has historically moved less than the broad market.
This Fund aims to deliver twice the daily performance of Lucid Group Inc. (LCID) common stock. Specifically, it targets daily returns that are two hundred percent (200%) of LCID's daily price movement, prior to accounting for fees and expenses. However, investors should be aware that achieving this objective is not guaranteed. Crucially, the ETF is structured for daily performance and is not intended to replicate double the cumulative return of LCID over periods exceeding a single trading day.
GraniteShares 2x Long LCID Daily ETF is most often compared with the following Financial Services names: