GraniteShares 2x Long NOW Daily ETF (NOWL) is an exchange-traded fund in the Trading Leveraged Equity category. It has $285.64M 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%) the daily percentage change 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 is non-diversified.