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GraniteShares 2x Lucid ETF (LCDL) Delists After 92% Plunge, NAV Turns Negative

GateNews
Stocks
LCID28.49%
According to GraniteShares' official guidance, the GraniteShares 2x Long LCID Daily ETF (LCDL), a leveraged fund tracking Lucid Motors stock, was delisted on July 15 after collapsing 92% in a single trading day. The fund's net asset value (NAV) turned negative at -$0.016 per share following Lucid's 50%-plus intraday drop on July 14, which triggered forced liquidation of swap contracts by counterparties. GraniteShares confirmed that investors will have no remaining assets to distribute upon liquidation.
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