Key stats
About LONGPOINT ETF CORP MEGASHORT 3X CDN GOLD MINERS DAILY LEVER
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Inception date
May 29, 2025
Structure
Canadian Mutual Fund Corporation (ON)
Distribution tax treatment
Ordinary income
Primary advisor
LongPoint Asset Management, Inc.
The fund as a levered inverse product, is not a buy-and-hold ETF, its a short-term tactical instrument. Like many leveraged inverse funds, it aims to deliver its -3x exposure only over a one-day holding period. Over longer periods, returns can vary significantly from its headline -3x exposure to Canadian companies active in the gold mining industry. The fund is market-cap-weighted, with individual constituents capped at 25% of the index weight. As a short-term instrument, the total cost of owning CGMD is more dependent on liquidity than management costs, knowledge of the benefits, risks and pitfalls of geared products is paramount. The USD exposure is not hedged.
Classification
Related funds
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.
CGMD trades at 15.73 CAD today, its price has fallen −4.43% in the past 24 hours. Track more dynamics on CGMD price chart.
CGMD net asset value is 16.43 today — it's fallen 14.94% 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.
CGMD assets under management is 4.50 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.
CGMD 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.
CGMD is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
No, CGMD doesn't pay dividends to its holders.
CGMD trades at a premium (0.16%).
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.
CGMD shares are issued by LongPoint Asset Management, Inc.
CGMD follows the Solactive Canadian Gold Miners Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 29, 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.