SavvyShort (-2X) Shopify ETF Trust Units
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Key stats
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.
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
SHPD assets under management is 5.44 M CAD. It's risen 62.92% over the last month.
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.
No, SHPD doesn't pay dividends to its holders.
SHPD shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on Nov 7, 2025, and its management style is Passive.
SHPD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SHPD price has risen by 90.60% over the last month, and its yearly performance shows a 69.15% 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 trades at a premium (3.67%) meaning the ETF is trading at a higher price than the calculated NAV.