GraniteShares 2x Long BULL Daily ETF

Frequently Asked Questions About BULX

What does BULX invest in?

The GraniteShares 2x Long BULL Daily ETF aims to deliver daily investment returns, prior to accounting for fees and expenses, that correspond to 200% (two times) the daily percentage change of Webull Corporation's common stock, traded as BULL on NASDAQ. There is no assurance that this fund will consistently meet its outlined objective. Additionally, it is not designed to provide a cumulative return equivalent to twice that of BULL when held for periods longer than a single day.

What is the expense ratio of BULX?

GraniteShares 2x Long BULL Daily ETF (BULX) charges an expense ratio of 1.50%. This is the annual fee deducted from fund assets to cover management and operations.

Is BULX a good long-term hold?

BULX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does BULX's daily reset work?

BULX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is BULX?

GraniteShares 2x Long BULL Daily ETF (BULX) manages $858,311 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BULX actively managed or an index fund?

BULX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.