GraniteShares 2x Long NOW Daily ETF (NASDAQ:NOWL – Get Free Report) was the target of unusually large options trading on Thursday. Stock investors purchased 1,995 call options on the stock. This is an increase of approximately 40% compared to the average daily volume of 1,423 call options.
GraniteShares 2x Long NOW Daily ETF Stock Performance
NOWL traded down $4.60 on Thursday, hitting $3.98. 36,601,209 shares of the company were exchanged, compared to its average volume of 9,988,413. GraniteShares 2x Long NOW Daily ETF has a 12 month low of $3.49 and a 12 month high of $23.70.
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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