Key stats
About MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF
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Inception date
May 22, 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.
ISIN
CA54315B2012
QQQU is a levered 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 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 | |
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Price performance | — | — | — | — | — | — |
NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QQQU assets under management is 12.73 M CAD. It's fallen 5.19% over the last month.
QQQU fund flows account for −1.96 M 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, QQQU doesn't pay dividends to its holders.
QQQU 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.
QQQU follows the NASDAQ 100 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QQQU trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.