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LongPoint Adds Double Leveraged Inverse ETF on Shopify

By The Northwire Desk — AI Analysis Nov 10, 2025 · 08:01 CCO · 129.43 Cameco Corporation
CCO · Price

Executive Summary

  • LongPoint Asset Management launched the SavvyShort (-2X) Shopify ETF (ticker SHPD) on the Toronto Stock Exchange, providing investors with daily 2× inverse exposure to Shopify Inc. Class A shares.
  • The new ETF follows a suite of leveraged “Savvy” ETFs introduced earlier in 2025 and marks LongPoint’s expansion into double‑levered single‑stock products linked to Canadian equities.
  • Initial share offering has closed; trading commenced on the TSX at market open, adding a novel investment tool for sophisticated Canadian investors.

Key Details

  • Product: SavvyShort (-2X) Shopify ETF (SHPD) – seeks daily results equal to –2× the daily return of Shopify Inc. Class A before fees/expenses.
  • Launch Date: Trading began on 10 Nov 2025, TSX open. Initial share offering is now closed.
  • Issuer: LongPoint Asset Management Inc., a Canadian‑owned ETF provider with ~70 years combined ETF experience and ~$250 M AUM across 38 ETFs.
  • Strategic Context: Complements the previously launched SavvyLong (2X) Shopify ETF (SHPU) and other leveraged ETFs covering Barrick, Cameco, CNRL, Constellation Software, CIBC, National Bank, RBC, TD, etc.
  • Target Investor Base: Knowledgeable, sophisticated investors seeking short‑term, high‑conviction trading strategies; product is highly speculative with significant leverage risk.
  • Regulatory/Disclosure Notes: Includes standard ETF risk disclosures (leverage, daily rebalancing, potential for total loss, forward‑looking statements).

Notable Quotes

“For the first time in Canadian ETF history, active investors can now utilize a double‑leveraged inverse single‑stock ETF linked to an actively traded Canadian equity; in this case, Shopify,” – Steve Hawkins, CEO, LongPoint.

Read the original news release →

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