Tuesday, 02 January 2024 12:17 GMT

Longpoint Adds Double Leveraged Inverse ETF On Shopify


(MENAFN- Newsfile Corp)
  • LongPoint launches Savvy double-leveraged inverse ETF on Shopify - SHPD
  • LongPoint is a Canadian owned and operated ETF provider

Toronto, Ontario--(Newsfile Corp. - November 10, 2025) - LongPoint Asset Management Inc. (" LongPoint ") is proud to announce the launch of the SavvyShort (-2X) Shopify ETF (TSX: SHPD) which begins trading today on the Toronto Stock Exchange (the " TSX "). This innovative ETF provides two times inverse leveraged (-2X) exposure to one of the largest and most actively traded Canadian companies.

"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, Spotify" said Steve Hawkins, CEO of LongPoint. "This ETF, paired with the previously launched SavvyLong (2X) Shopify ETF (SHPU:TSX), offers investors a new way to actively trade and amplify their views on Shopify. These ETFs provide Canadian-domiciled, TSX-listed solutions that allow active investors to tactically position their portfolios around company-specific developments, technical indicators, market events, or fundamental outlooks."

SHPD seeks daily investment results that endeavour to correspond, before fees and expenses, to two times inverse (-2X) the daily return (on a percentage basis) of the reference stock.

Name Ticker Reference Stock
SavvyShort (-2X) Shopify ETF SHPD Shopify Inc. Class A

SHPD adds to LongPoint's Savvy suite of leveraged Canadian stock ETFs launched on October 22, 2025. These ETFs for savvy investors provide two times (2X) leveraged long exposure to some of the largest and most actively traded Canadian companies.

Name Ticker Reference Stock
SavvyLong (2X) Barrick ETF ABXU Barrick Mining Corp.
SavvyLong (2X) Cameco ETF CCOU Cameco Corp.
SavvyLong (2X) Cdn Natural Resources ETF CNQU Canadian Natural Resources Ltd.
SavvyLong (2X) Constellation Software ETF CSUU Constellation Software Inc.
SavvyLong (2X) Shopify ETF SHPU Shopify Inc. Class A
SavvyLong 2X CIBC (CM) Equity-Linked ETF COMU Canadian Imperial Bank of Commerce
SavvyLong 2X NBC (NA) Equity-Linked ETF NBCU National Bank of Canada
SavvyLong 2X RBC (RY) Equity-Linked ETF RBCU Royal Bank of Canada
SavvyLong 2X TDB (TD) Equity-Linked ETF TDU Toronto-Dominion Bank

"Our team at LongPoint brings over 70 years of combined ETF experience, including nearly 50 years specifically focused on managing leveraged and inverse products," Hawkins added. "We've designed these easy to understand Savvy ETFs as specific tools for knowledgeable, sophisticated Canadian investors who want to employ high-conviction, short-term trading strategies on well-known Canadian stocks."

With the launch of SHPD, LongPoint continues to establish itself as a leader in innovative ETF solutions. The company entered the levered ETF market in December 2024 with the launch of leveraged crude oil and natural gas ETFs. In May 2025, LongPoint introduced Canada's first triple-levered index ETFs and Canada's first double-levered single stock ETFs linked to U.S. equities. Most recently, in October 2025, the company expanded its lineup again with Canada's first double-levered single stock ETFs linked to Canadian equities.

SHPD has closed its offering of initial shares and will begin trading on the TSX when the markets open this morning.

About LongPoint Asset Management Inc.

LongPoint Asset Management Inc. is a Canadian owned and operated company which delivers innovative ETF solutions designed to enhance your Canadian investing journey. With over 70 years of combined expertise in the ETF market, our dedicated team leverages deep industry connections and local insights to design, build and launch exceptional ETFs tailored for Canadian investors. LongPoint also offers its unique Partnership ETF platform, which simplifies the launch, operation, and growth of ETFs for its partner asset managers. LongPoint is Canada's fastest growing ETF provider in 2025, on a percentage basis, and offers 38 Canadian-listed ETFs with approximately $250 million in assets under management. Discover the advantage of investing with LongPoint.

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