LongPoint Asset Management Launches First Double Inverse Levered Single Stock ETFs on TSX

LongPoint Asset Management has launched Canada's first Double Inverse Levered Single Stock ETFs, including SavvyShort (-2X) NVDA ETF and SavvyShort (-2X) TSLA ETF. These ETFs aim to correspond to two times the inverse daily return of NVIDIA and Tesla stock, respectively. The ETFs trade in Canadian dollars and offer a new investment solution for active Canadian investors. LongPoint continues to establish itself as a leader in innovative ETF solutions, following the launch of levered ETFs in December 2024 and double levered single stock ETFs in June 2025.

LongPoint Asset Management has made a significant stride in the Canadian ETF market by launching Canada's first Double Inverse Levered Single Stock ETFs. The new ETFs, SavvyShort (-2X) NVDA ETF (TSX: NVDD) and SavvyShort (-2X) TSLA ETF (TSX: TSLD), aim to provide investors with exposure to two times the inverse daily return of NVIDIA (NVDA) and Tesla (TSLA), respectively. These ETFs are listed in Canadian dollars and offer a new investment solution for active Canadian investors.

The ETFs are part of LongPoint's ongoing efforts to innovate in the ETF market. The company previously launched levered ETFs in December 2024 and double-leveraged single stock ETFs in June 2025. This latest development further cements LongPoint's position as a leader in innovative ETF solutions.

The SavvyShort ETFs are designed for investors who want to take a short position on NVIDIA and Tesla. They offer the potential to benefit from downward movements in the stock prices of these companies. The ETFs seek daily investment results that correspond to two times the inverse (-2X) of the daily return of the respective common stock, before fees and expenses.

The launch of these ETFs is part of LongPoint's strategy to provide Canadian investors with a range of ETF options that are both innovative and tailored to the local market. The company's CEO, Steve Hawkins, noted that these ETFs offer Canadian investors a Canadian-domiciled, TSX-listed solution that enables them to position their portfolios around company-specific news, technical signals, market events, or fundamental price outlooks.

The ETFs are highly speculative and are intended for use in daily or short-term trading strategies by very knowledgeable, sophisticated investors. They employ significant leverage, which magnifies gains and losses, and are not suitable for investors who do not intend to actively monitor and manage their investments.

LongPoint's SavvyShort ETFs join a growing line-up of Canadian-listed ETFs, including the SavvyLong (2X) ETFs launched earlier this year on Apple, Amazon, Alphabet, Microsoft, NVIDIA, and Tesla. These ETFs offer investors a choice of both long and short positions on popular stocks, providing greater flexibility in their investment strategies.

For more information about LongPoint's ETFs and their offerings, investors can contact the company at 416-861-8383.

References:
[1] https://www.nasdaq.com/press-release/longpoint-launches-canadas-first-inverse-double-leveraged-single-stock-etfs-2025-08
[2] https://finance.yahoo.com/news/longpoint-asset-management-inc-opens-143000148.html