Key stats
About MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF
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Inception date
May 22, 2025
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
LongPoint Asset Management, Inc.
ISIN
CA54315B4091
SOXU as a leveraged product, is not a buy-and-hold ETF, its a short-term tactical instrument. Like many leveraged funds, it aims to deliver its 3x exposure only over a one-day holding period. Over longer periods, returns can vary significantly from its headline 3x exposure to a US semiconductor index. As a short-term instrument, the total cost of owning SOXU is more dependent on liquidity than management costs, knowledge of the benefits, risks and pitfalls of geared products is paramount. The USD exposure is not hedged.
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
SOXU assets under management is 20.85 M CAD. It's risen 29.24% over the last month.
SOXU fund flows account for 0.00 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, SOXU doesn't pay dividends to its holders.
SOXU shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on May 22, 2025, and its management style is Passive.
SOXU follows the Solactive US Semiconductor 30 Capped Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SOXU trades at a premium (0.54%) meaning the ETF is trading at a higher price than the calculated NAV.