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SavvyShort (-2X) ETFs begin trading on TSX

2026-02-05 18:42 ET - News Release

Also News Release (C-MSTZ) SavvyShort (-2X) MSTR ETF

Mr. Steve Hawkins reports

LONGPOINT ADDS TO CANADA'S DOUBLE LEVERAGED SINGLE STOCK ETFS

LongPoint Asset Management Inc. has launched two Savvy double-leveraged single-stock ETFs (exchange-traded funds) on the Toronto Stock Exchange. The SavvyShort (-2X) MSTR ETF (MSTZ) offers two times inverse leveraged exposure to MicroStrategy Inc. (Class A). The SavvyShort (-2X) COIN ETF (COID) offers two times inverse leveraged exposure to Coinbase Global Inc. (Class A).

MSTZ and COID are new additions to Canada's only suite of double-leveraged single-stock ETFs based on popular, well-known actively trading stocks. The Savvy ETFs seek daily investment results that endeavour to correspond, before fees and expenses, to two times (2X) or inverse (-2X) of the daily return (on a percentage basis) of their respective target common stock. The Savvy ETFs do not hedge their exposure to the U.S. dollar and only trade in Canadian dollars.

"LongPoint is proud to add to Canada's only double-leveraged single-stock ETF family, providing 2X and -2X exposure to leading U.S. and Canadian companies," said Steve Hawkins, chief executive officer of LongPoint. "MSTZ and COID will offer knowledgeable, sophisticated Canadian investors TSX-listed solutions -- trading in Canadian dollars -- that enables them to tactically position their portfolios around company-specific news, technical signals, market events or fundamental price outlooks."

With this launch, LongPoint continues to establish itself as a leader in innovative ETF solutions. The company entered the levered ETF market in December, 2024, with its leveraged crude oil and natural gas ETFs, followed in May, 2025, with the launch of Canada's first triple-levered index ETFs, and then in June, 2025, and October, 2025, with the launch of Canada's first double-levered single-stock ETFs. LongPoint is a Canadian-owned-and-operated company.

The Savvy ETFs have closed their offering of initial shares and will begin trading on the TSX when the market opens this morning.

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