GraniteShares 2x Long NOW Daily ETF (NOWL), managed by GraniteShares, is a equity ETF. 1.51% expense ratio, $34M AUM, inception 2025.
GraniteShares 2x Long NOW Daily ETF (NOWL) ETF — Price, Holdings & Analysis
GraniteShares 2x Long NOW Daily ETF (NOWL), managed by GraniteShares, is a equity ETF. 1.51% expense ratio, $34M AUM, inception 2025.
ETF Overview
The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of ServiceNow Inc, (NASDAQ: NOW) There is no guarantee that the Fund will meet its stated objective. The fund should not be expected to provide 2 times the cumulative return of NOW for periods greater than a day.
The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of ServiceNow Inc, (NASDAQ: NOW) There is no guarantee that the Fund will meet its stated objective. The fund should not be expected to provide 2 times the cumulative return of NOW for periods greater than a day. GraniteShares 2x Long NOW Daily ETF provides exposure to the equity market.
Risk Metrics
GraniteShares 2x Long NOW Daily ETF holds only 0 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. A beta of 0.00 indicates lower volatility relative to the broader market. The 1.51% expense ratio is above average and will reduce net returns over time. With $34M in assets, the fund may face liquidity constraints and wider bid-ask spreads.
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Risk Metrics
Beta: 0.00
Questions & Answers
What is GraniteShares 2x Long NOW Daily ETF (NOWL)?
The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of ServiceNow Inc, (NASDAQ: NOW) There is no guarantee that the Fund will meet its stated objective. The fund should With $34M in assets under management, it is a funds in its category.
What is the expense ratio for NOWL?
GraniteShares 2x Long NOW Daily ETF has an expense ratio of 1.51%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $151. Lower expense ratios generally lead to better long-term returns, all else being equal.
How long has NOWL been around?
GraniteShares 2x Long NOW Daily ETF was launched in 2025, making it 1 years old. It is a relatively newer fund with a shorter track record. It is managed by GraniteShares.
What is the current NAV of NOWL?
GraniteShares 2x Long NOW Daily ETF has a net asset value (NAV) of approximately $7.10 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities. Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.
Is NOWL a good investment?
GraniteShares 2x Long NOW Daily ETF is a equity ETF with $34M in assets. Equity ETFs are subject to market risk and can experience significant short-term volatility, though they have historically provided strong long-term returns for patient investors. Whether it is suitable depends on your investment goals, risk tolerance, and time horizon. Consider consulting a financial advisor for personalized guidance.