Lucid's 50% Selloff Ends First US 2x Single-Stock ETF, Exposing the Limits of Leverage
GraniteShares is winding down the GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL), marking the first shutdown of a U.S.-listed single-stock leveraged ETF, underscoring the risks embedded in high-leverage exchange-traded products. This was the consequence of a 50% plunge in Lucid Group Inc. (NYSE:LCID) shares on Tuesday, which drove the fund’s…
Benzinga ·