# GraniteShares 2x Long NOW Daily ETF (NOWL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nowl for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: GraniteShares · Asset class: Leveraged/Inverse - Strategy: Leveraged · Inception: 2025-07-15 The Fund strives to provide daily investment outcomes, before accounting for fees and expenses, that are two times (200%) the daily percentage fluctuation of ServiceNow Inc.'s common stock, listed under NASDAQ: NOW. It is not guaranteed that the Fund will fulfill its stated purpose. Moreover, the fund is not designed to offer a cumulative return that is double the performance of NOW for durations longer than a single day. ## Key Facts | Metric | Value | |---|---| | Price | $9.69 | | Expense Ratio | 1.51% | | Assets Under Management | $223.0M | | NAV | $9.48 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $3.49 – $23.70 | | Beta | 1.47 | ## Frequently Asked Questions ### What does NOWL invest in? The Fund strives to provide daily investment outcomes, before accounting for fees and expenses, that are two times (200%) the daily percentage fluctuation of ServiceNow Inc.'s common stock, listed under NASDAQ: NOW. It is not guaranteed that the Fund will fulfill its stated purpose. Moreover, the fund is not designed to offer a cumulative return that is double the performance of NOW for durations longer than a single day. ### What is the expense ratio of NOWL? GraniteShares 2x Long NOW Daily ETF (NOWL) charges an expense ratio of 1.51%. This is the annual fee deducted from fund assets to cover management and operations. ### Is NOWL a good long-term hold? NOWL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days. ### How does NOWL's daily reset work? NOWL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets. ### How big is NOWL? GraniteShares 2x Long NOW Daily ETF (NOWL) manages $223.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is NOWL actively managed or an index fund? NOWL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does NOWL pay a dividend? GraniteShares 2x Long NOW Daily ETF (NOWL) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NOWL pay dividends? GraniteShares 2x Long NOW Daily ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is NOWL's dividend yield? NOWL's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is NOWL's next ex-dividend date? NOWL hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will NOWL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.51% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NOWL charge its expense ratio? The expense ratio is deducted in tiny daily slices from NOWL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NOWL cost more than a fund like VOO? NOWL is a leveraged fund (current expense ratio 1.51%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to NOWL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as NOWL (1.51%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nowl - Distribution history: https://www.dividenddata.com/funds/nowl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nowl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nowl/expenses - Peer comparison: https://www.dividenddata.com/funds/nowl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.