StoneX Group Inc. bought a new stake in GraniteShares 2x Long NOW Daily ETF (NASDAQ:NOWL – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 381,310 shares of the company’s stock, valued at approximately $2,668,000. StoneX Group Inc. owned approximately 1.67% of GraniteShares 2x Long NOW Daily ETF at the end of the most recent reporting period.
GraniteShares 2x Long NOW Daily ETF Stock Performance
Shares of NASDAQ:NOWL opened at $3.38 on Monday. GraniteShares 2x Long NOW Daily ETF has a 52-week low of $3.29 and a 52-week high of $19.53.
GraniteShares 2x Long NOW Daily ETF (NASDAQ: NOWL) is an exchange-traded fund designed to provide daily investment results, before fees and expenses, that correspond to two times the daily performance of ServiceNow Inc common stock. ServiceNow develops cloud-based software that helps organizations manage digital workflows, information technology operations, customer service, human resources, and other enterprise processes.
To pursue its objective, NOWL generally obtains leveraged exposure to ServiceNow through financial instruments such as swap agreements and other derivatives rather than by simply holding a portfolio of ServiceNow shares.
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