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MicroSectors Solactive FANG & Innovation 3X Leveraged ETN ( (BULZ) ) has issued an update.
On August 26, 2025, the Bank of Montreal (BMO), a major financial institution with shares listed on the Toronto and New York stock exchanges, announced its intention to terminate its existing normal course issuer bid, which allowed for the purchase of up to 20 million common shares, and initiate a new bid to purchase up to 30 million common shares. This strategic move, pending regulatory approval, aims to provide BMO with greater flexibility in managing its capital position. The new bid represents approximately 4.2% of the public float of common shares as of July 31, 2025, and will be conducted through the Toronto Stock Exchange and other designated exchanges. The decision underscores BMO’s proactive approach to capital management and its commitment to optimizing shareholder value.
More about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
Average Trading Volume: 206,238
Current Market Cap: $1.55B
For detailed information about BULZ stock, go to TipRanks’ Stock Analysis page.