SavvyLong 2X ETFs begin trading on TSX

Executive Summary

• LongPoint Asset Management launched nine new Savvy double‑leveraged single‑stock ETFs on the Toronto Stock Exchange, providing 2X long exposure to major Canadian equities and banks.
• This is the first time double‑leveraged ETFs linked to Canadian stocks have been offered, expanding LongPoint’s ETF suite to 37 funds with roughly $250 million AUM.
• The firm indicated plans to add a double‑leveraged inverse Shopify ETF (ticker SHPD) in the future.

Key Details

• New Listings: Nine ETFs began trading today under the following tickers:
• Barrick – ABXU
• Cameco – CCOU
• Canadian Natural Resources – CNQU
• Constellation Software – CSUU
• Shopify – SHPU
• RBC – RBCU
• TD – TDU
• CIBC – COMU
• National Bank of Canada – NBCU
• Leverage Structure: Each ETF seeks daily results, before fees and expenses, equal to two times (2X) the daily percentage return of its reference stock.
• Historical Context: LongPoint entered the leveraged‑ETF market in Dec 2024 (crude oil & natural gas), launched Canada’s first triple‑levered index ETFs in May 2025, and introduced double‑leveraged single‑stock ETFs on U.S. equities in June 2025.
• Future Plans: An additional Savvy ETF providing double‑leveraged inverse exposure to Shopify (ticker SHPD) is slated for later launch.
• Assets Under Management: LongPoint now manages approximately $250 million across 37 Canadian‑listed ETFs.

Notable Quotes

“LongPoint is proudly a Canadian ETF company and, for the first time, we've introduced double‑leveraged single‑stock ETFs linked to actively traded Canadian equities,” – Steve Hawkins, CEO, LongPoint Asset Management.

“We've designed these Savvy ETFs as specific tools for knowledgeable, sophisticated Canadian investors who want to employ high‑conviction, short‑term trading strategies on well‑known Canadian stocks.” – Steve Hawkins, CEO.