Key stats
About LONGPOINT ETF CORP SAVVYLONG GEARED CRUDE OIL ETF
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Inception date
Nov 29, 2024
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Primary advisor
LongPoint Asset Management, Inc.
The fund is a leveraged ETF, and like all geared products, is intended to be held only for short periods. It is not appropriate for buy-and-hold investors. The fund provides up to 2x the return of a crude oil futures index on a daily basis. The index consists of two rolling crude oil future components weighted based on settlement and expiry signals. Daily compounding of returns can lead to the fund's returns varying significantly from the 2x exposure over a longer holding period. The fund is a tactical tool, so trading costs and volume matter.
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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.
CLUP trades at 21.13 CAD today, its price has risen 5.34% in the past 24 hours. Track more dynamics on CLUP price chart.
CLUP net asset value is 20.35 today — it's risen 12.07% 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.
CLUP assets under management is 6.60 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.
CLUP price has risen by 11.33% over the last month, and its yearly performance shows a 0.33% increase. See more dynamics on CLUP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 12.07% over the last month, showed a −17.26% decrease in three-month performance and has decreased by −19.85% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 12.07% over the last month, showed a −17.26% decrease in three-month performance and has decreased by −19.85% in a year.
CLUP fund flows account for −128.42 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, CLUP is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, CLUP doesn't pay dividends to its holders.
CLUP trades at a premium (1.89%).
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.
CLUP shares are issued by LongPoint Asset Management, Inc.
CLUP follows the Solactive Crude Oil Rolling Futures Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 29, 2024.
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.