Key stats
About LONGPOINT ETF CORP SAVVYLONG 2X AMZN ETF
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Inception date
Jun 5, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
LongPoint Asset Management, Inc.
The fund is designed to make bullish bets on the stock price of Amazon.com, Inc. (AMZN). 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 AMZN'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
AMZU assets under management is 2.77 M CAD. It's risen 5.92% over the last month.
AMZU 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, AMZU doesn't pay dividends to its holders.
AMZU shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on Jun 5, 2025, and its management style is Passive.
AMZU follows the NASDAQ 100 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AMZU trades at a premium (2.34%) meaning the ETF is trading at a higher price than the calculated NAV.