SGOV, RVNL: Big ETF Inflows

ETF Inflows: The RVNL ETF experienced the largest increase in inflows, adding 40,000 units, which represents a 40.0% rise in outstanding units.

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GraniteShares Launches New ETFs: GraniteShares has introduced two single-stock exchange-traded funds (ETFs) for Lucid Group (LCID) and Rivian Automotive (RIVN), designed to double the daily returns of these stocks, targeting tactical traders rather than long-term investors.

Market Position of Lucid and Rivian: Lucid focuses on luxury electric vehicles with in-house battery technology, while Rivian targets rugged electric trucks and delivery vans; both companies have faced market volatility, making them appealing for short-term trading strategies.

Launch of New ETFs: GraniteShares has introduced two new leveraged single-stock ETFs, the GraniteShares 2x Long LCID Daily ETF and the GraniteShares 2x Long RIVN Daily ETF, which provide investors with daily leveraged exposure to Lucid Group and Rivian Automotive stocks.

Target Audience and Risks: These ETFs are designed for sophisticated investors looking to capitalize on short-term stock movements, but they come with significant risks including potential loss of principal and volatility, making them unsuitable for all investors.

Launch of New ETFs: GraniteShares has introduced two new leveraged single-stock ETFs, the GraniteShares 2x Long LCID Daily ETF and the GraniteShares 2x Long RIVN Daily ETF, providing investors with daily leveraged exposure to Lucid Group and Rivian Automotive stocks.

Target Audience and Risks: These ETFs are designed for sophisticated investors seeking short-term tactical trading opportunities, but they carry significant risks, including potential loss of principal and volatility associated with leverage.