Leverage Shares 2X Long BULL Daily ETF (BULG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
39.91 USD
-0.75
(-1.850%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:22 a.m. EDT
The 2x leveraged nature of BULG creates a dangerous divergence between its recent price action and its long-term viability. While the stock has staged a technical recovery, bouncing off the 50-day moving average and showing some short-term momentum, the underlying asset—BULL—is a volatile crypto proxy that has suffered a historic multi-year decline. This structural deterioration is evident in the price history, which shows the asset trading near its 52-week lows despite a recent rally. The options market confirms this fear: traders are aggressively buying cheap insurance (puts) at strikes far below the current price, indicating a belief that the recent bounce is fragile and that a further collapse is the more probable scenario. With zero dividends and a statistical forecast leaning negative, this is not a buy-and-hold opportunity; it is a high-risk momentum play where the leverage will likely erode capital quickly if the broader crypto trend turns lower again. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.307807 |
| AutoETS | 0.309235 |
| AutoTheta | 0.310911 |
| MSTL | 0.346405 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 34% |
| H-stat | 2.15 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.889 |
| Excess Kurtosis | -0.23 |
As of July 11, 2026, 6:22 a.m. EDT: Speculators are positioning for a binary outcome with heavy skew toward downside protection. In the near term (July expiration), there is significant new volume flowing into out-of-the-money puts at strikes below the current price, while call activity is sparse and dominated by deep out-of-the-money speculative bets. The September data reveals a massive concentration of open interest in extremely deep out-of-the-money puts (strikes near $2-$3), suggesting a hedge against a catastrophic collapse or a 'lottery ticket' bet on a total wipeout, rather than a standard directional trade.
| Attribute | Value |
|---|---|
| All Time High | 369.46 |
| All Time Low | 18.36 |
| Ask | 49.97 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 2,500 |
| Average Daily Volume3 Month | 16,330 |
| Average Volume | 16,330 |
| Average Volume10Days | 2,500 |
| Beta3 Year | 0.0 |
| Bid | 29.94 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 40.14 |
| Day Low | 39.9077 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 36.84774 |
| Fifty Day Average Change | 3.0599594 |
| Fifty Day Average Change Percent | 0.08304334 |
| Fifty Two Week Change Percent | -86.200775 |
| Fifty Two Week High | 369.46 |
| Fifty Two Week High Change | -329.5523 |
| Fifty Two Week High Change Percent | -0.89198375 |
| Fifty Two Week Low | 18.36 |
| Fifty Two Week Low Change | 21.547699 |
| Fifty Two Week Low Change Percent | 1.1736219 |
| Fifty Two Week Range | 18.36 - 369.46 |
| First Trade Date Milliseconds | 1,754,919,000,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Themes ETF Trust |
| Fund Inception Date | 1,754,611,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-08-11 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed ETF. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of BULL, consistent with the fund’s investment objective. The fund is non-diversified. |
| Long Name | Leverage Shares 2X Long BULL Daily ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1871798430 |
| Nav Price | 40.9533 |
| Net Assets | 5,216,576.0 |
| Net Expense Ratio | 0.87 |
| Open | 40.14 |
| Previous Close | 40.66 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.75230026 |
| Regular Market Change Percent | -1.8502221 |
| Regular Market Day High | 40.14 |
| Regular Market Day Low | 39.9077 |
| Regular Market Day Range | 39.9077 - 40.14 |
| Regular Market Open | 40.14 |
| Regular Market Previous Close | 40.66 |
| Regular Market Price | 39.9077 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 2,367 |
| Short Name | Leverage Shares 2X Long BULL Da |
| Source Interval | 15 |
| Symbol | BULG |
| Total Assets | 5,216,576 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 56.03543 |
| Trailing Three Month Returns | 56.03543 |
| Triggerable | 1 |
| Two Hundred Day Average | 72.18718 |
| Two Hundred Day Average Change | -32.27948 |
| Two Hundred Day Average Change Percent | -0.4471636 |
| Type Disp | ETF |
| Volume | 2,367 |
| Ytd Return | -49.718 |