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Financings

SavvyLong (2X) ETFs begin trading on TSX

By The Northwire Desk — AI Analysis Oct 22, 2025 · 17:58 CCOU · 19.75 SavvyLong (2X) Cameco ETF
CCOU · Price

Executive Summary

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

Key Details

  • New Listings: Nine ETFs began trading today under the following tickers:
  • Equities – ABXU (Barrick), CCOU (Cameco), CNQU (Canadian Natural Resources), CSUU (Constellation Software), SHPU (Shopify)
  • Banks – RBCU (RBC), TDU (TD), COMU (CIBC), NBCU (National Bank of Canada)
  • Leverage Structure: Each ETF seeks daily results, before fees and expenses, equal to two times (2×) 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 Jun 2025.
  • Future Plans: An additional Savvy ETF providing double‑leveraged inverse exposure to Shopify (ticker SHPD) is anticipated at a later date.
  • Management Quote: CEO Steve Hawkins highlighted the innovation as a tool for “knowledgeable, sophisticated Canadian investors” seeking high‑conviction short‑term strategies.
  • Assets Under Management: LongPoint now manages 37 Canadian‑listed ETFs with approximately $250 million in assets.

Notable Quotes

“LongPoint is proudly 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.

Read the original news release →