Key Highlights

  • Leverage Shares 2X Long BULL Daily ETF (NASDAQ:BULG) trades near USD 32.65 after falling 27.85 percent in one week and 48.34 percent in one month, per screener data.
  • Webull Corporation (NASDAQ:BULL) closed at USD 7.05 on September 28 as insider-sale filings and a share-supply overhang weighed, despite Q2 Revenue rising 51 percent.
  • Leverage Shares 2X Long BULL Daily ETF (NASDAQ:BULG) seeks 200 percent of BULL's daily move through swaps and charges a 0.87 percent net expense ratio.
  • The fund is down about 89 percent since its August 2025 launch and completed a 1-for-20 reverse split on April 24, 2026.

What Pushed Webull Lower

Webull Corporation (NASDAQ:BULL) operates a digital brokerage platform serving retail investors in more than 13 countries. Its decline is tied to share supply, not operations. A Form 144 filing covered 107,692 Class A shares for executive Anthony Denier, following a sale of 53,846 shares on September 21. Webull also filed an F-3 registration on September 1 covering resale shares linked to its Pi Securities acquisition. On September 24, Webull Corporation (NASDAQ:BULL) traded near USD 7.36 as the Nasdaq fell 0.82 percent and the S&P 500 fell 0.54 percent. Operations were stronger: Q2 revenue rose 51 percent to USD 198.8 million and trading revenue rose 66 percent. The shares still sit far below the USD 16.04 52-week high.

How the 2x Daily Reset Works

Leverage Shares 2X Long BULL Daily ETF (NASDAQ:BULG) is issued by Leverage Shares by Themes and advised by Themes Management Company. It lists on Nasdaq and launched in August 2025. Its prospectus shows a 0.75 percent management fee and a 0.87 percent net expense ratio. Assets are small: about USD 4.7 million on the issuer page, though another data page shows USD 9.07 million. The fund holds total return swaps with several counterparties plus Treasury collateral. At each close, it rebalances so exposure to Webull Corporation (NASDAQ:BULL) returns to 200 percent of assets. The stated objective applies to a single day only.

Why the Fund Falls Further

Daily resets compound. If a stock drops 10 percent and then gains 10 percent, it ends down 1 percent. A 2x fund drops 20 percent and gains 20 percent, ending down 4 percent. The prospectus estimates a 6.1 percent annual loss for flat returns at 25 percent volatility. BULL fell about 48 percent over twelve months to September 24, while Leverage Shares 2X Long BULL Daily ETF (NASDAQ:BULG) lost 88.80 percent over one year. Simple doubling would give 96 percent, so most of the loss is leverage on a falling stock, with path drag layered on top. The April 24 reverse split, 1-for-20, changed the price but not the return.

Where Things Stand

Largely yes. The screener's 27.85 percent weekly fall for Leverage Shares 2X Long BULL Daily ETF (NASDAQ:BULG) is close to double a roughly 14 percent slide in Webull Corporation (NASDAQ:BULL), by our simple arithmetic. Leverage cut both ways, as the fund's 74.38 percent six-month gain shows. Investors watching Leverage Shares 2X Long BULL Daily ETF (NASDAQ:BULG) may weigh upcoming insider-sale disclosures, the share-supply overhang and Webull's operating momentum. Daily-reset products are built for short holding periods, and results over longer spans can differ widely from twice the stock's return.