LongPoint Adds Double Leveraged ETFs on Canadian Stocks

Executive Summary

• LongPoint Asset Management launched nine new double‑leveraged (2X) single‑stock ETFs on the Toronto Stock Exchange, providing leveraged long exposure to major Canadian equities and banks.
• The ETFs began trading immediately upon launch; an additional inverse‑leveraged Shopify ETF is planned for future listing.
• This marks LongPoint’s first double‑leveraged ETFs linked to Canadian stocks and expands its suite of innovative ETF solutions.

Key Details

• ETF Names & Tickers:
• ABXU – Barrick Mining Corp.
• CCOU – Cameco Corp.
• CNQU – Canadian Natural Resources Ltd.
• CSUU – Constellation Software Inc.
• SHPU – Shopify Inc. (Class A)
• COMU – Canadian Imperial Bank of Commerce
• NBCU – National Bank of Canada
• RBCU – Royal Bank of Canada

• TDU – Toronto‑Dominion Bank

• Structure: Each ETF seeks daily results, before fees and expenses, equal to 2× the percentage return of its reference stock.

• Launch Timing: Offering of initial shares has closed; trading commenced on the TSX at market open on 22 Oct 2025.

• Future Plans: LongPoint intends to list an additional double‑leveraged inverse ETF on Shopify (ticker SHPD) at a later date.

• Company Background:

• Entered leveraged ETF market in Dec 2024 with crude oil and natural gas products.
• Introduced Canada’s first triple‑levered index ETFs in May 2025 and first double‑levered single‑stock ETFs on U.S. equities in June 2025.

• Currently offers 37 Canadian‑listed ETFs with approximately $250 million AUM.

• Target Investors: Sophisticated, knowledgeable investors seeking short‑term, high‑conviction trading strategies; ETFs are highly speculative and not suitable for long‑term holding.

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.

---

Materiality Assessment: Material – Positive (significant new product launch expanding market offering).