Key stats
About LONGPOINT ETF CORP MEGASHORT 3X NASDAQ 100 DAILY LEVERAGED
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Inception date
May 23, 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.
QQQD is a levered inverse fund that seeks to deliver -300% of the daily performance return of NASDAQ-100 stocks. The underlying index includes 100 of the largest non-financial companies listed on NASDAQ based on market capitalization. Historically, technology companies have dominated the NASDAQ-100 index, so, its future performance might be closely tied to the performance of the tech industry. The fund uses a mathematical approach to determine the type, quantity and mix of investment positions that it believes will produce daily returns consistent with its investment objective. Like many levered inverse products, the fund is not a buy-and-hold ETF as it's a very short-term tactical instrument. The fund does not hedge US currency risk.
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
QQQD assets under management is 4.72 M CAD. It's fallen 9.19% over the last month.
QQQD 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, QQQD doesn't pay dividends to its holders.
QQQD shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on May 23, 2025, and its management style is Passive.
QQQD follows the NASDAQ 100 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QQQD trades at a premium (2.48%) meaning the ETF is trading at a higher price than the calculated NAV.