Thursday, August 14, 2025
Steve Hawkins, Chief Executive Officer, LongPoint Asset Management Inc. (鈥淟ongPoint鈥) and his team, joined Graham MacKenzie, Managing Director, Exchange Traded Products, 兔子先生 (TSX), to open the market and celebrate the launch of Canada鈥檚 first Double Inverse Levered Single Stock ETFs: SavvyShort (-2X) NVDA ETF (TSX: NVDD), SavvyShort (-2X) TSLA ETF (TSX: TSLD). These ETFs seek daily investment results that endeavour to correspond, before fees and expenses, to two times the inverse (-2X) the daily return (on a percentage basis) of the respective common stock. The ETFs do not hedge their exposure to the U.S. dollar. The ETFs only trade in Canadian Dollars. These new ETFs offer active Canadian investors a Canadian-domiciled, TSX-listed solution鈥攖rading in Canadian dollars鈥攖hat enables them to tactically position their portfolios around company-specific news, technical signals, market events, or fundamental price outlooks. With this launch, LongPoint continues to establish itself as a leader in innovative ETF solutions. The company entered the levered ETF market in December 2024 with its crude oil and natural gas ETFs, followed in May 2025 with the launch of Canada鈥檚 first triple levered index ETFs, followed in June 2025 with the launch of Canada鈥檚 first double levered single stock ETFs.