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Financings

SavvyLong (2X) ETFs begin trading on TSX

By The Northwire Desk — AI Analysis Oct 22, 2025 · 17:58 SHPU · None SavvyLong (2X) Shopify ETF
SHPU · Price

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.
  • The listings include five large‑cap stocks (Barrick, Cameco, Canadian Natural Resources, Constellation Software, Shopify) and four of Canada’s biggest banks (RBC, TD, CIBC, National Bank).
  • This marks the first-ever double‑leveraged ETFs on Canadian stocks, expanding LongPoint’s innovative ETF portfolio and signaling a material growth opportunity for sophisticated investors.

Key Details

  • Products Launched: 9 Savvy double‑leveraged single‑stock ETFs (2X daily return) trading under tickers ABXU, CCOU, CNQU, CSUU, SHPU, RBCU, TDU, COMU, NBCU.
  • Underlying Securities:
  • Stocks – Barrick Gold Corp., Cameco Corp., Canadian Natural Resources Ltd., Constellation Software Inc., Shopify Inc.
  • Banks – Royal Bank of Canada (RBC), Toronto‑Dominion Bank (TD), Canadian Imperial Bank of Commerce (CIBC), National Bank of Canada (NBC).
  • Launch Date: Commenced trading on the TSX at market open on 30 Mar 2026.
  • Product Structure: Double‑leveraged ETFs seeking daily results equal to two times the percentage return of the reference stock, before fees and expenses.
  • Strategic Significance: First double‑leveraged ETFs linked to Canadian equities; follows prior leveraged crude/oil & gas ETFs (Dec 2024) and triple‑levered index ETFs (May 2025).
  • Future Plans: Anticipated additional Savvy ETF offering double‑leveraged inverse exposure to Shopify (ticker SHPD).
  • Company Context: LongPoint now manages 37 Canadian‑listed ETFs with approximately $250 million AUM.

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.

Read the original news release →