MicroSectors Solactive FANG Innovation 3X Leveraged ETNs company info

What does MicroSectors Solactive FANG Innovation 3X Leveraged ETNs do?
MicroSectors Solactive FANG Innovation 3X Leveraged ETNs (NYSE:BULZ) is a financial product designed to provide amplified returns, specifically three times the daily performance, of an index comprised of highly innovative and technology-oriented companies, commonly abbreviated as FANG (Facebook, Amazon, Netflix, Google) alongside other tech giants. It's a tool geared towards experienced investors looking for high-risk, high-reward opportunities in the technology sector. The objective of MicroSectors Solactive FANG Innovation 3X Leveraged ETNs is to magnify the investment results that correlate with the performance of the Solactive FANG Innovation Index. This targeted approach enables investors to potentially capitalize on the rapid advancements and growth within the tech industry, namely in areas of social media, e-commerce, streaming services, and cloud computing. It is only traded on the New York Stock Exchange Arca, allowing for straightforward access to those aiming to leverage the dynamic tech sector's potential returns.
MicroSectors Solactive FANG Innovation 3X Leveraged ETNs company media
Company Snapshot

Is MicroSectors Solactive FANG Innovation 3X Leveraged ETNs a public or private company?

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Ownership
Public

How many people does MicroSectors Solactive FANG Innovation 3X Leveraged ETNs employ?

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Employees
13

What sector is MicroSectors Solactive FANG Innovation 3X Leveraged ETNs in?

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Sector
ETF

Where is the head office for MicroSectors Solactive FANG Innovation 3X Leveraged ETNs?

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Head Office
Miami, United States

What year was MicroSectors Solactive FANG Innovation 3X Leveraged ETNs founded?

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Year Founded
2021
What does MicroSectors Solactive FANG Innovation 3X Leveraged ETNs specialise in?
/Leveraged Investments /Technology Stocks /Exchange Traded Notes /Financial Instrument /High Risk /Tracking Index

What are the products and/or services of MicroSectors Solactive FANG Innovation 3X Leveraged ETNs?

Overview of MicroSectors Solactive FANG Innovation 3X Leveraged ETNs offerings
3X Leveraged Performance to FANG Innovation Index: These ETNs aim to deliver returns that are three times the daily performance of the Solactive FANG Innovation Index. This means that if the index increases by 1% in a day, the ETNs aim to gain around 3%. Conversely, if the index decreases by 1%, the ETNs could lose around 3%.
Focus on Technology Innovation: The underlying index, Solactive FANG Innovation Index, tracks the performance of 15 large-capitalization U.S. technology companies, with a focus on innovation. These companies are often referred to as FANG (Facebook, Amazon, Netflix, and Google) and include additional leading technology players.
Daily Reset Mechanism: Due to the leveraged nature, the ETNs utilize a daily reset mechanism. This means their holdings are adjusted each day to achieve their 3x daily return objective. This is because compounding leveraged returns over multiple days can significantly deviate from the target multiple.
Potential for Amplified Gains (and Losses): The leverage factor magnifies not only profits but also losses. This means the ETNs can experience significant price fluctuations, leading to potentially amplified gains or losses compared to directly investing in the underlying technology stocks.
Suited for Short-Term Trading: Due to the daily reset mechanism and potential for high volatility, these ETNs are typically suited for short-term trading strategies rather than long-term investment goals. Long-term holding may not deliver the intended 3x return due to the compounding effect of daily resets.
Exchange-Traded: Shares of the ETNs trade on a stock exchange like any other stock, offering high liquidity. Investors can easily buy and sell shares throughout the trading day for flexible portfolio management.