GraniteShares 2x Long LCID Daily ETF
LCDL
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ROIC.AI
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- GraniteShares 2x Long LCID Daily ETF (LCDL) is an exchange-traded fund that provides 2x leveraged exposure to the daily price performance of Lucid Group, Inc. (LCID) common shares, less fees and expenses. The ETF seeks daily investment results, before fees and expenses, of 200% of the daily performance of LCID, utilizing swap agreements and other instruments to achieve its leveraged objective. It offers institutional and retail investors amplified returns tied to Lucid Group's electric vehicle manufacturing and technology developments, including luxury EVs such as the Lucid Air sedan and upcoming models. GraniteShares plc, the issuer headquartered in London, United Kingdom, and founded in 2016, operates globally with a focus on the United States through its U.S. subsidiary, providing a suite of single-stock leveraged and inverse ETFs; commodity-linked ETPs; and fixed income products across exchanges like NYSE Arca. LCDL targets sophisticated investors comfortable with high volatility and daily rebalancing risks inherent in leveraged products, primarily serving the U.S. equity derivatives segment within the broader asset management industry. Recent developments include the ETF's launch in early 2024 as part of GraniteShares' expansion into single-stock leveraged offerings amid rising demand for EV sector exposure, with no major acquisitions, partnerships, or reorganizations announced for GraniteShares in the last 1-2 years. The fund maintains compliance with SEC regulations for leveraged ETFs and continues to emphasize risk disclosures regarding compounding effects and potential losses exceeding 100% of principal. Operations remain centered in North America for distribution, with underlying exposure to Lucid Group's U.S.-based manufacturing facilities in Arizona and Saudi Arabia.