SavvyShort (-2X) Shopify ETF Trust Units
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About SavvyShort (-2X) Shopify ETF Trust Units
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Inception date
Nov 7, 2025
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Synthetic
Dividend treatment
Distributes
Primary advisor
LongPoint Asset Management, Inc.
Identifiers
3
ISIN CA54315B5247
The fund is designed to make bearish bets on the stock price of Shopify, Inc. (SHOP). SHOP is a global commerce company that provides essential internet infrastructure for commerce. 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 inverse leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is conducted to adjust for SHOP'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.
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Classification
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SHPD trades at 23.74 CAD today, its price has risen 17.24% in the past 24 hours. Track more dynamics on SHPD price chart.
SHPD net asset value is 21.13 today — it's risen 79.24% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SHPD assets under management is 5.44 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SHPD price has risen by 90.60% over the last month, and its yearly performance shows a 68.73% increase. See more dynamics on SHPD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 79.24% over the last month, showed a 64.13% increase in three-month performance and has increased by 64.13% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 79.24% over the last month, showed a 64.13% increase in three-month performance and has increased by 64.13% in a year.
SHPD fund flows account for 3.22 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SHPD is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
No, SHPD doesn't pay dividends to its holders.
SHPD trades at a premium (3.67%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SHPD shares are issued by LongPoint Asset Management, Inc.
SHPD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 7, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.