NOWL

GraniteShares 2x Long NOW Daily ETF

$18.35

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The GraniteShares 2x Long NOW Daily ETF (NOWL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the NASDAQ-100 Technology Sector Index.

Overview

ETF tracking GraniteShares 2x Long NOW Daily ETF

Category Leveraged

Issuer Other

Inception Date 2025-07-15

Market Cap $4.2M

Average Volume N/A

Dividend Yield N/A

52-Week Range $18.31 - $26.87

VWAP $18.36

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long NOW Daily ETF (NOWL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the NASDAQ-100 Technology Sector Index.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to provide leveraged exposure to the NASDAQ-100 Technology Sector Index. It aims to deliver twice the daily returns of the index, before fees and expenses.

✨ Key Features

Provides 2x leveraged exposure to the NASDAQ-100 Technology Sector Index
Seeks to deliver twice the daily returns of the underlying index
Utilizes swaps, futures, and other derivatives to achieve its leveraged objective
Resets daily, so long-term returns may differ from 2x the index performance

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility compared to the underlying index
Possibility of divergence from the 2x daily index return objective over longer periods
Counterparty risk associated with the use of derivatives

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term, leveraged exposure to the technology sector and understand the risks associated with daily rebalanced, leveraged funds. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.