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About Savvylong 2X NVDA ETF
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Inception date
Jun 3, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
LongPoint Asset Management, Inc.
ISIN
CA54315B7227
The fund is designed to make bullish bets on the stock price of NVIDIA (NVDA). The fund is expected to enter into cash borrowing, invest in equity securities, interest-bearing accounts, and T-Bills, and enter into derivative agreements. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is conducted to adjust for NVDA's daily price movements. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NVDU assets under management is 7.23 M CAD. It's fallen 4.97% over the last month.
NVDU fund flows account for 2.66 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, NVDU doesn't pay dividends to its holders.
NVDU shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on Jun 3, 2025, and its management style is Passive.
NVDU follows the NVIDIA Corporation. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NVDU trades at a premium (0.59%) meaning the ETF is trading at a higher price than the calculated NAV.