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LongPoint Adds to Its Family of Double Leveraged Single Stock ETFs

LongPoint Expands Leveraged ETF Suite Amidst Valuation Correction

By The Northwire Desk — AI Analysis May 28, 2026 · 08:01 METU NaN
Executive Summary
  • LongPoint Asset Management Inc. announced the launch of three new Savvy Double Leveraged Single Stock ETFs on the Toronto Stock Exchange (TSX).
  • The funds provide 2x leveraged long exposure to Robinhood Markets, Meta Platforms, and Palantir Technologies.
  • Tickers introduced are RBNU, METU, and PLTU, trading in Canadian Dollars.
  • Trading commenced at market open on May 28, 2026.
  • CEO Steve Hawkins stated the funds offer sophisticated investors TSX-listed solutions for tactical positioning around company-specific news or technical signals.
  • LongPoint claims to now offer Canada's only suite of double leveraged single stock ETFs following previous launches in crude oil/natural gas and triple levered index ETFs.
Material Impact
  • The product launch is a standard operational expansion for an asset management firm, consistent with their stated history of entering new leveraged product niches (Dec 2024, May 2025).
  • Given the stock price has declined approximately 47% from its August 2025 peak ($50.54) to the pre-news close on May 27, 2026 ($26.61), this news does not appear to address the fundamental valuation disconnect driving the sell-off.
  • There is no historical news provided in the dataset to compare projections against; however, product launches of this nature are typically incremental revenue drivers rather than transformative events unless accompanied by significant AUM inflows or profitability disclosures.
  • The market has already priced in a bearish sentiment over the last 12 months; without evidence of capital raising success or fee income growth from these new ETFs, the material impact on valuation is likely limited to short-term sentiment.
METU · Price
Company Overview
  • Company: LongPoint Asset Management Inc.
  • Business Model: Asset management focused on leveraged exchange-traded funds (ETFs).
  • Flagship Project: The Savvy Leveraged ETF suite, currently expanding from energy indices to single-stock exposure (Robinhood, Meta, Palantir).
  • Development Status: Product launch completed May 28, 2026. Trading active on TSX.
  • Market Position: Claims exclusive status in Canada for double-leveraged single stock ETFs.
Read the original news release →

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