GraniteShares to Delist 2x Long LCID ETF After NAV Turns Negative

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Summary · why it matters

GraniteShares Advisors LLC announced it will delist the GraniteShares 2x Long LCID Daily ETF from NASDAQ after the fund's net asset value turned negative. Following market movements in Lucid Group Inc., the fund closed out its entire LCID position at a loss, causing its NAV to become negative. The delisting process will be initiated as a result.

Impact on assets 1

Electrification & Mobility▼
Lucid Group Inc
LCID
▼ NegativeCapitalrelevance

Lucid's stock decline caused the fund's NAV to go negative, leading to delisting.

Off-coverage companies 1

GraniteSharesi
Private▼ NegativeCapitalrelevance

GraniteShares is delisting its own ETF after NAV turned negative, a negative financial event.