Key stats
About LONGPOINT ETF CORP SAVVYSHORT GEARED CRUDE OIL ETF
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Inception date
Nov 29, 2024
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Primary advisor
LongPoint Asset Management, Inc.
The fund is an inverse ETF, and like all geared products, is intended to be held only for short periods. It is not appropriate for buy-and-hold investors. The fund provides up to -2x the return of a crude oil futures index on a daily basis. The index consists of two rolling crude oil future components weighted based on settlement and expiry signals. Daily compounding of returns can lead to the fund's returns varying significantly from the -2x exposure over a longer holding period. The fund is a tactical tool, so trading costs and volume matter.
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
CLDN assets under management is 6.25 M CAD. It's fallen 14.89% over the last month.
CLDN fund flows account for −124.13 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, CLDN doesn't pay dividends to its holders.
CLDN shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on Nov 29, 2024, and its management style is Passive.
CLDN follows the Solactive Crude Oil Rolling Futures Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CLDN price has fallen by −17.75% over the last month, and its yearly performance shows a −12.81% decrease. See more dynamics on CLDN price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.61% over the last month, showed a 9.45% increase in three-month performance and has increased by 9.19% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.61% over the last month, showed a 9.45% increase in three-month performance and has increased by 9.19% in a year.
CLDN trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.