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About Savvylong 2X TSLA ETF
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Inception date
Jun 3, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
LongPoint Asset Management, Inc.
ISIN
CA54315B7144
The fund is designed to make bullish bets on the stock price of Tesla (TSLA). 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 leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is conducted to adjust for TSLAs 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
TSLU assets under management is 4.34 M CAD. It's risen 16.27% over the last month.
TSLU fund flows account for 2.16 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, TSLU doesn't pay dividends to its holders.
TSLU shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on Jun 3, 2025, and its management style is Passive.
TSLU follows the Tesla, Inc.. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TSLU trades at a premium (0.33%) meaning the ETF is trading at a higher price than the calculated NAV.