Key stats
About LONGPOINT CORP SAVVYLONG 2X AAPL ETF SHS
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Inception date
Jun 4, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
LongPoint Asset Management, Inc.
The fund is designed to make bullish bets on the stock price of Apple (AAPL). 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 AAPLs 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
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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.
AAPU trades at 18.90 CAD today, its price has fallen −3.42% in the past 24 hours. Track more dynamics on AAPU price chart.
AAPU assets under management is 2.44 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.
AAPU 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.
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.
Yes, AAPU is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, AAPU doesn't pay dividends to its holders.
AAPU trades at a premium (0.18%).
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.
AAPU shares are issued by LongPoint Asset Management, Inc.
AAPU follows the Apple Inc.. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 4, 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.