19:42:55 EDT Sat 14 Jun 2025
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BetaPro -3x Nasdaq-100 Daily Leverage to trade on TSX

2025-06-13 20:49 ET - New Listing

The Toronto Stock Exchange reports that BetaPro -3x Nasdaq-100 Daily Leverage Bear Alternative ETF will be listed at 5:01 p.m. on June 16, 2025, for trading at the open on June 17, 2025. According to the TSX, there will be 250,000 units of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol SQQQ, in Canadian dollars and with Cusip No. 086904 10 9.

The TSX reports that the ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond with three times (300 per cent) the inverse (opposite) of the daily performance of an index that includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market (currently, the Nasdaq-100 Index). According to the TSX, the ETF may pay ordinary dividends, special capital gains dividends or returns of capital on the ETF shares at the discretion of the manager.

The ETF's manager is Global X Investments Canada 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 May 30, 2025, the ETF is issuing 250,000 units at $20 per unit in its initial public offering. It expects to close the offering before the open on June 17, 2025. The designated market-maker is National Bank Financial Inc.

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