00:17:57 EDT Tue 16 Jun 2026
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SavvyLong (2X) SpaceX ETF to trade on TSX

2026-06-15 21:56 ET - New Listing

The Toronto Stock Exchange reports that SavvyLong (2X) SpaceX ETF will be listed at 5:01 p.m. on June 16, 2026, for trading at the open on June 17, 2026. According to the TSX, there will be 125,000 shares of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The shares will trade under the symbol ORBU, in Canadian dollars and with Cusip No. 54315B 36 7.

The TSX reports that the ETF seeks daily investment results that endeavour to correspond, before fees and expenses, with two times (2X) the daily return (on a percentage basis) of the common stock of Space Exploration Technologies Corp. (symbol SPCX). The ETF does not hedge its currency exposure to the U.S. dollar. According to the TSX, the ETF does not currently intend to pay regular dividends or returns of capital on the shares of the ETF.

The ETF's manager is LongPoint Asset Management Inc., its transfer agent and registrar is TSX Trust Company at its principal office in Toronto, and its fiscal year-end is Dec. 31. As stated in its prospectus dated June 12, 2026, the ETF is issuing 125,000 shares at $20.90 per share in its initial public offering. It expects to close the offering on June 16, 2026. The designated market-maker is National Bank Financial Inc.

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