StoneX Group Inc. acquired a new stake in GraniteShares 2x Long NOW Daily ETF (NASDAQ:NOWL – Free Report) in the third quarter, HoldingsChannel reports. The firm acquired 381,310 shares of the company’s stock, valued at approximately $2,668,000.
GraniteShares 2x Long NOW Daily ETF Stock Performance
NASDAQ:NOWL opened at $3.38 on Monday. GraniteShares 2x Long NOW Daily ETF has a one year low of $3.29 and a one year 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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Want to see what other hedge funds are holding NOWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GraniteShares 2x Long NOW Daily ETF (NASDAQ:NOWL – Free Report).
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