MUU: the SavvyLong (2X) Micron ETF, explained

Short answer: MUU is the SavvyLong (2X) Micron ETF from LongPoint Asset Management, targeting two times the daily return of Micron Technology stock with a daily reset. It began trading on the TSX on June 16, 2026 and charges a 1.55% management fee. Like every 2X single-stock fund, it is a trading tool, not a holding.

MUU launched alongside its siblings AMDU and ORBU in LongPoint’s June expansion of Canada’s only 2X single-stock ETF suite. The underlying here is Micron, the memory-chip maker, and memory is historically the most boom-and-bust corner of the semiconductor industry. That detail is most of what you need to know. This is not financial advice.

What MUU is

MUU at a glance

Attribute	Detail
Ticker	MUU
Issuer	LongPoint Asset Management (SavvyLong suite)
Target	2X the daily return of Micron (MU) common stock
Management fee	1.55%
Distributions	Annual, if any
Currency	Trades in CAD; USD exposure unhedged
Status	Trading on the TSX since June 16, 2026

The mechanics are identical to the rest of the suite: 200% notional exposure to the stock, rebalanced daily inside the fund, so you get levered exposure in an ordinary brokerage account with losses capped at your investment.

The catches

• Memory chips are a commodity cycle wearing a tech costume. Micron’s earnings swing with memory prices, and the stock has a long history of doubling and halving. A daily-reset 2X fund on top of that cycle experiences brutal volatility decay in the choppy stretches.
• The wipeout warning is standard, and standardly real. LongPoint’s documents note a single-day move of more than 50% against the fund could mean total loss.
• Costs are layered. A 1.55% management fee plus financing costs inside the fund, plus unhedged CAD/USD movement on top.
• Multi-day returns will not be 2X. The doubling applies to each day separately. Over any longer stretch, compounding takes over, for better or worse.

Frequently asked questions

When did MUU launch?

It began trading on the TSX on June 16, 2026.

Why would anyone use MUU instead of buying Micron on margin?

Convenience and capped downside. The leverage lives inside the fund, so there is no margin account, no margin call, and you cannot lose more than you invested. The trade-off is the daily reset and the fund’s costs.

Is MUU suitable for a long-term portfolio?

No, and LongPoint does not pretend otherwise. It targets a daily outcome. The longer you hold, the more your result drifts from two-times-the-stock. The leveraged single-stock ETF guide shows the math.

Bottom line

MUU is double exposure to one of the most cyclical stocks in tech, reset daily. In a memory upcycle it will look brilliant; in the chop it will bleed. It is a short-term instrument for traders who understand both halves of that sentence. If you use it, keep it small, and Greenline will show you what it is doing to your overall risk.