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About LONGPOINT ETF CORP MEGASHORT 3X SEMINCONDUCTORS DAILY LEVER
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Inception date
May 22, 2025
Structure
Canadian Mutual Fund Corporation (ON)
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
LongPoint Asset Management, Inc.
SOXD as a leveraged inverse product, is not a buy-and-hold ETF, its a short-term tactical instrument. Like many leveraged inverse 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 SOXD 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
SOXD assets under management is 3.73 M CAD. It's fallen 28.27% over the last month.
SOXD 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, SOXD doesn't pay dividends to its holders.
SOXD 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.
SOXD 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.
SOXD trades at a premium (2.25%) meaning the ETF is trading at a higher price than the calculated NAV.