The Toronto Stock Exchange reports that MegaShort (-3X) Nasdaq-100 Daily Leveraged Alternative ETF will be listed at 5:01 p.m. on May 22, 2025, for trading at the open on May 23, 2025. According to the TSX, there will be 250,000 shares of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The shares will trade under the symbol QQQD, in Canadian dollars and with Cusip No. 54315B 80 5.

The TSX reports that the ETF seeks daily investment results, before fees, expenses and other transaction costs, that endeavour to correspond with three times the inverse daily performance of its underlying benchmark. The daily target is currently the Nasdaq 100 Index, which is calculated in U.S. dollars. 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 its shares. 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 May 16, 2025, the ETF is issuing 250,000 shares at approximately $20.90 (Canadian) ($15 (U.S.)) per share in its initial public offering. It expects to close the offering on May 22, 2025. The designated market-maker is National Bank Financial Inc.