The US Funds Report

Two US ETF Under Radar – BULZ and ERY

Mar 24, 2026

| Read Time :10 Mins

Overview

This week’s report covers MicroSectors FANG & Innovation 3x Leveraged ETN (NYSE: BULZ) and Direxion Daily Energy Bear 2X ETF (NYSE: ERY), which are directional leveraged exchange-traded products (ETPs) that use financial derivatives and debt to amplify the returns of an underlying index, typically by 2x or 3x. These products are designed to provide magnified exposure to the price movements of a specific asset class—either in the direction of rising (bullish) markets, as in BULZ, or falling (bearish) markets, as in ERY.

Section 1: MicroSectors FANG & Innovation 3x Leveraged ETN (NYSE: BULZ)

The Fund seeks daily investment results, before fees and expenses, of three times (300%) the daily performance of the Solactive FANG Innovation Index. This index is composed of highly liquid, large-cap growth companies across sectors such as technology, communication services, and consumer discretionary, often including firms associated with innovation and disruptive trends.

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