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New York, July 14, 2026 (GLOBE NEWSWIRE) -- GraniteShares Advisors LLC ("GraniteShares") announces that, following market movements in Lucid Group Inc. (LCID), the GraniteShares 2x Long LCID Daily ETF (Nasdaq: LCDL) (the "Fund") closed out its entire LCID position today at a loss that caused its net asset value to become negative. As a result, GraniteShares will initiate the delisting of the Fund from NASDAQ Stock Market LLC.
New York, July 14, 2026 (GLOBE NEWSWIRE) -- GraniteShares Advisors LLC ("GraniteShares") announces that, following market movements in Lucid Group Inc. (LCID), the GraniteShares 2x Long LCID Daily ETF (Nasdaq: LCDL) (the "Fund") closed out its entire LCID position today at a loss that caused its net asset value to become negative.
Lucid Group faces delivery disruptions from a supplier issue, pressuring the stock as weak momentum and operational challenges overshadow its reaffirmed production outlook.
Shares of GraniteShares 2x Long LCID Daily ETF (NASDAQ: LCDL - Get Free Report) traded down 1.6% on Monday. The stock traded as low as $3.59 and last traded at $3.63. 181,258 shares were traded during trading, a decline of 14% from the average session volume of 210,908 shares. The stock had previously closed at
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