From Yahoo Finance: 2025-04-22 18:45:00

GraniteShares has launched two new leveraged single-stock ETFs: The GraniteShares 2x Long LCID Daily ETF (LCDL) and the GraniteShares 2x Long RIVN Daily ETF (RVNL). These funds aim to provide investors with 200% daily exposure to Lucid Group Inc. (LCID) and Rivian Automotive Inc. (RIVN).

The founder and CEO of GraniteShares, Will Rhind, highlighted the increased media attention on American EV manufacturers like Lucid and Rivian due to uncertainty in U.S. trade policy. With a focus on stock-picking and tactical trading opportunities, these ETFs cater to the current market volatility.

Both ETFs have an expense ratio of 1.15%. Despite ongoing media scrutiny of Tesla Inc. (TSLA), GraniteShares 2X TSLA Daily ETF (TSLR) remains popular. The new ETFs, LCDL and RVNL, are launched amidst Tesla’s earnings announcement and potential impacts on EV demand and trade policy affecting American manufacturers.

Rhind emphasized the opportunity for Lucid and Rivian to capitalize on any potential brand damage to Tesla. The launch of LCDL and RVNL coincides with Tesla’s earnings announcement, highlighting the importance of understanding market dynamics and trade policy in the EV sector. Investors are closely watching the performance of these new ETFs in the evolving market landscape.



Read more at Yahoo Finance: GraniteShares Launches New Leveraged, Single-Stock EV ETFs