Share-split context: A reverse split was recorded on Apr 24, 2026 with coefficient 0.05. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

What this ETF is trying to do

The LEVERAGE SHARES 2X LONG BULL DAILY ETF (ticker: BULG) is a leveraged ETF. This means it uses financial tools to try and provide twice the daily return of its target index. Because it uses leverage, the price can move up or down much faster than a normal fund.

What the numbers show

As of October 7, 2026, the current price of BULG is $21.11. The recent performance shows a significant share-price decline. The year-to-date (YTD) price return is approximately -67.32%. Over the last year, the one-year price return was approximately -89.54%. Because this ETF does not pay distributions, the total return is the same as the price return.

This ETF has a history of reverse splits. The most recent event happened on April 24, 2026. In a reverse split, multiple old shares are combined into fewer new shares. This causes the price per share to rise mechanically. However, this mechanical increase does not restore any lost investment value.

Income and distribution explanation

This ETF does not provide cash income to investors. The distribution yield is 0%, and no distributions have been detected.

NAV erosion explanation

StockValueFinder has issued a severe erosion-risk flag for this ETF. This flag was triggered because the split-adjusted price trend and the erosion score show significant price deterioration. The erosion score is 10, which is labeled as "Severe price erosion."

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Top Holdings

Based on the most recent data, the fund's exposure includes:

• FIRST AMERICAN TREASURY OBLIGS X (FXFXX): 12.89%

Please note that holdings can change over time.

Pros

• Provides leveraged exposure to its target index.

Cons

• Severe price decline over the last year.

• High erosion-risk score.

• No distribution income provided.

• History of reverse splits.

Beginner takeaway

BULG is a highly volatile, leveraged ETF that has experienced a very large share-price decline recently. It does not pay out regular income, and it carries a severe erosion-risk flag due to its price movement. Investors should understand that leveraged funds can lose value very quickly.