LongPoint Renaming Leveraged 2X MicroStrategy ETF with C$1.7M Daily Volume
LongPoint will rename LFG Daily (2X) MSTR Long ETF to SavvyLong (2X) MSTR ETF, reflecting its new role as sole promoter, effective May 19 on TSX. MSTU has averaged C$1.7 million in daily trading to April 30, offering leveraged exposure to MicroStrategy Class A share returns.
1. ETF Renaming Details
LongPoint Asset Management will change the name of its leveraged MicroStrategy ETF from LFG Daily (2X) MSTR Long ETF to SavvyLong (2X) MSTR ETF on the Toronto Stock Exchange starting May 19, 2026. This rebranding follows LongPoint’s assumption of sole promoter responsibilities for both the MSTU and COIU products.
2. Trading Volume and Leverage Exposure
Since May 1, MSTU has seen an average daily traded value of approximately C$1.7 million through April 30. The ETF seeks to deliver twice the daily percentage return of MicroStrategy Class A shares, magnifying gains and losses for short-term, sophisticated investors.