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About LONGPOINT ETF CORP MEGASHORT 3X S&P 500 DAILY LEVERAGED ALT
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Inception date
May 22, 2025
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
LongPoint Asset Management, Inc.
SPYD as a leveraged 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 the S&P 500. The 500 underlying companies are some of the most well-known firms in the world. As a short-term instrument, the total cost of owning SPYD 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
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
SPYD assets under management is 4.69 M CAD. It's fallen 9.89% over the last month.
SPYD 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.
No, SPYD doesn't pay dividends to its holders.
SPYD shares are issued by LongPoint Asset Management, Inc. under the brand LongPoint. The ETF was launched on May 22, 2025, and its management style is Passive.
SPYD follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPYD trades at a premium (0.31%) meaning the ETF is trading at a higher price than the calculated NAV.