GET DAILY SIGNALSMicroSectors FANG & Innovation 3X Leveraged ETN (BULZ) Delivers +13% Gain Over 30 Days
Key Takeaways
- BULZ advanced roughly 13% over the trailing 30 days, ending the period near $42.24 per share.
- The trailing quarter delivered a similar net gain, but the path was highly volatile, including a steep drawdown in July followed by a sharp recovery.
- The note's 3x daily-reset leverage amplifies both gains and losses, making it a short-term trading vehicle rather than a buy-and-hold strategy.
- Equal-weight exposure to semiconductors and mega-cap technology names was the dominant driver of recent performance.
- An investor fee of 0.95% per annum and the daily leverage reset can create compounding and volatility drag over longer holding periods.
BULZ Overview and Its Underlying Index Exposure
BULZ is an exchange-traded note issued by Bank of Montreal that aims to deliver three times the daily performance of the Solactive FANG Innovation Index. As an ETN rather than an ETF, it represents unsecured debt, so holders carry exposure to the issuer's credit risk. The note began trading on August 17, 2021, and is scheduled to mature on June 28, 2041.
The index holds an equal-weighted basket of 15 large-cap U.S. technology and tech-enabled companies. Eight core holdings include Apple (AAPL), Amazon (AMZN), Meta Platforms (META), Alphabet (GOOGL), Microsoft (MSFT), Netflix (NFLX), NVIDIA (NVDA), and Tesla (TSLA). Seven additional names round out the list: Broadcom (AVGO), Advanced Micro Devices (AMD), Palantir (PLTR), Oracle (ORCL), Micron (MU), Intel (INTC), and Sandisk (SNDK).
Sector weights show heavy concentration in technology at roughly 66%, followed by communication services near 21% and consumer cyclical around 13%. The equal-weight approach gives semiconductor and AI-related names greater collective influence than in cap-weighted indexes, which helps explain the note's responsiveness to those themes. A 0.95% annual investor fee accrues daily.
Recent Price Action: 30-Day and Quarterly Results
Over the past 30 days BULZ climbed about 13%, moving from roughly $37.33 to near $42.24. The advance was uneven, with gains from the low $30s early in the period pushing toward a high near $47.31 before easing back into the low $40s by the end.
The trailing quarter produced a comparable net advance of roughly 13%, starting near $37.26 in late June and finishing around $42.24. Inside that window the note dropped about 34% to an intra-quarter low near $24.63 in late July, then surged more than 70% from that bottom. Such sharp swings are typical for a daily-reset leveraged product tied to a concentrated, high-beta group of technology stocks. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Factors Behind the 30-Day Move
Renewed strength in large-cap technology, especially semiconductors, drove the period. With an equal-weight index, roughly a third or more of the basket sits in chip and semiconductor-related names such as NVDA, AMD, AVGO, MU, and INTC. Continued demand for AI infrastructure and data-center capacity supported these holdings and the broader group.
Mega-cap platforms like META, MSFT, and GOOGL also contributed as sentiment around AI-driven growth and cloud spending stayed positive. The 3x daily leverage turned moderate index gains into double-digit moves in the ETN.
Drivers of Quarterly Performance
The quarter's net result masked an internal rotation. The July decline stemmed from a broad risk-off move in high-valuation technology and semiconductor shares that hit leveraged products particularly hard due to daily compounding. The recovery that followed reflected renewed focus on AI capital spending, semiconductor fundamentals, and steadier mega-cap earnings outlooks.
Equal-weight exposure proved helpful over the full three months as smaller and mid-size technology names recovered alongside the largest holdings. Macro influences such as shifting rate expectations and appetite for growth equities amplified both the mid-quarter drop and the later rebound. From what I see, this pattern highlights the note's sensitivity to sentiment shifts in the sector.
Key Points to Monitor Going Forward
Looking ahead, the main influences on BULZ remain the same drivers behind its underlying basket: the pace of AI-related capital expenditure, semiconductor demand and pricing, and earnings trends among mega-cap technology platforms. Because the index is equal weighted, performance differences among chip names and smaller technology constituents can have a larger effect than in cap-weighted benchmarks.
Investors should also track the interest-rate environment and inflation data, which affect valuations for long-duration growth equities and can prompt quick rotations into or out of technology. The note's own mechanics warrant attention as well. Daily 3x leverage resets each trading day, so returns over multi-day periods will differ from three times the index return, and high volatility can create drag through compounding even if the index ends flat or modestly higher. Issuer credit risk adds another layer for any ETN. I'm watching this closely as these elements shape the risk profile.
Using Tickeron Tools for Deeper Analysis
In my research on leveraged products like BULZ, Tickeron's AI Screener has become a useful part of the process. It lets me scan thousands of securities with technical indicators, fundamentals, volatility measures, price patterns, and AI-generated signals without manually reviewing every chart. Custom filters help surface momentum in the technology sector or compare volatility across thematic ETNs. This approach keeps the focus on data-driven comparisons rather than guesswork.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
My name is Jimmy, and I’m a financial analyst focused on identifying compelling opportunities across the ETF market. Each day, I analyze hundreds of ETFs to uncover potential trading and investment opportunities using a broad range of market factors. For short-term trading, I rely heavily on technical analysis, including price channels, momentum indicators, support and resistance levels, trend patterns, and other market signals. At the same time, I dedicate significant attention to evaluating ETFs from a long-term investment perspective. My objective is to build a well-balanced ETF portfolio that combines core investment holdings with more tactical and speculative positions. The goal is to create a portfolio that can participate effectively in market rallies while also remaining resilient during periods of volatility and market corrections.
BULZ sees MACD Histogram just turned negative
BULZ saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 08, 2026. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 50 instances where the indicator turned negative. In 49 of the 50 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BULZ as a result. In 62 of 70 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 89%.
BULZ moved below its 50-day moving average on October 14, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BULZ declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for BULZ's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a +2.65% 3-day Advance, the price is estimated to grow further. Considering data from situations where BULZ advanced for three days, in 340 of 366 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
BULZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 243 of 260 cases where BULZ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
Category Trading
Advertisement