GraniteShares 2x Long NBIS Daily ETF (NBIL) is an exchange-traded fund in the Trading Leveraged Equity category. It has $195.60M in assets and an expense ratio of 1.50%. The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) daily percentage change of the Underlying Stock by entering into financial instruments such as swaps and options on the Underlying Stock as well as directly purchasing the Underlying Stock. The fund will aim to primarily obtain its notional exposure against the Underlying Stock through swap agreements.