LONGPOINT ETF CORP MEGALONG 3X CDN BANKS DAILY LEVERAGED ALTERNATIVE ETF SHS
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About LONGPOINT ETF CORP MEGALONG 3X CDN BANKS DAILY LEVERAGED ALTERNATIVE ETF SHS
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Inception date
May 29, 2025
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
LongPoint Asset Management, Inc.
The fund as a leveraged product, is not a buy-and-hold ETFpv 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 the six largest Canadian banks. Index securities must trade on the Toronto Stock Exchange. Fund exposure includes major banks, as well as regional banks. Constituents are subject to minimum market capitalization and liquidity screens. As a short-term instrument, the total cost of owning BNKU 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
BNKU assets under management is 9.93 M CAD. It's risen 0.02% over the last month.
BNKU 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, BNKU doesn't pay dividends to its holders.
BNKU shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on May 29, 2025, and its management style is Passive.
BNKU follows the Solactive Equal Weight Canada Banks Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BNKU trades at a premium (0.62%) meaning the ETF is trading at a higher price than the calculated NAV.