GraniteShares Launches New Leveraged, Single-Stock EV ETFs
Fund provider GraniteShares on Tuesday introduced two new, leveraged, single-stock exchange-traded funds offering investors daily leveraged exposure to electric vehicle (EV) stocks: The GraniteShares 2x Long LCID Daily ETF (LCDL) and the GraniteShares 2x Long RIVN Daily ETF (RVNL).
LCDL and RVNL seek daily investment results, before fees and expenses, that correspond to 200% of the daily percentage change of the underlying stocks, Lucid Group Inc. (LCID) and Rivian Automotive Inc. (RIVN), according to a press release.
'EVs have been one of the most popular investment themes of the last decade, and 'made in America' manufacturers like Lucid and Rivian are now in the media spotlight more than ever as U.S. trade policy around foreign car imports remains uncertain,' Will Rhind, founder and CEO of GraniteShares, told etf.com. 'Given the volatility we've experienced so far this year, this environment has arguably been more conducive to stock-picking and tactical trading opportunities than buy-and-hold investing.'
The expense ratio is 1.15% for both funds.
Amid uncertainty around U.S. trade policy, the main U.S. EV stock, Telsa Inc. (TSLA), has been the subject of intense media commentary both positive and negative—and GraniteShares 2X TSLA Daily ETF (TSLR) remains one of the firm's most popular ETFs, according to Rhind.
'With Tesla earnings being announced today after the bell, the launch of LCDL and RVNL coincides with what will surely be intense media focus on TSLA results and, within that, any insights into demand for EVs and trade policy that impacts 'made in America' manufacturers, such as Tesla, Lucid and Rivian,' Rhind said. 'With all the noise around DOGE and [Elon] Musk, there has undoubtedly been some brand damage to Tesla. How much is unclear at this point, although we think there is an opportunity for Lucid and Rivian to capitalize on this and increase their respective market share.'Permalink | © Copyright 2025 etf.com. All rights reserved
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