LCDL

GraniteShares 2x Long LCID Daily ETF

$6.35

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The GraniteShares 2x Long LCID Daily ETF (LCDL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Lucid Group, Inc. (LCID).

Overview

ETF tracking GraniteShares 2x Long LCID Daily ETF

Category Leveraged

Issuer Other

Inception Date 2025-04-22

Market Cap $3.2M

Average Volume N/A

Dividend Yield N/A

52-Week Range $6.35 - $38.50

VWAP $6.66

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long LCID Daily ETF (LCDL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Lucid Group, Inc. (LCID).

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to obtain its leveraged exposure to the LCID stock. It does not invest directly in the underlying stock.

✨ Key Features

Provides 2x the daily performance of Lucid Group's stock
Utilizes derivatives to achieve its leveraged exposure
Resets daily, so longer-term returns may differ from 2x the stock's performance
Very small asset base and new fund with limited track record

⚠️ Primary Risks

Significant leverage amplifies both gains and losses, increasing volatility
Potential for divergence between the fund's performance and 2x the daily stock return
Liquidity and trading risks due to the fund's small size and newness
Concentration risk as the fund is tied to a single stock

👤 Best For

This ETF is intended for experienced, risk-tolerant investors who seek to make short-term, speculative bets on the daily performance of Lucid Group's stock. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.