LongPoint Launches Double-Leveraged PLTR ETF on Toronto Stock Exchange

LongPoint Asset Management Inc. has launched a double-leveraged single-stock ETF tied to Palantir Technologies Inc. (NYSE: PLTR), trading under the ticker PLTU on the Toronto Stock Exchange. The product is part of a trio of new Savvy Double Leveraged Single Stock ETFs that LongPoint, a Canadian-owned and operated asset manager, introduced simultaneously alongside leveraged funds tracking Robinhood (RBNU) and Meta Platforms (METU). Palantir shares were trading at $137.92 on Thursday, May 28, 2026, up 4.08% on the session.

What LongPoint Launched

• New ETF ticker: PLTU, listed on the Toronto Stock Exchange, offering two times leveraged long exposure to Palantir (NYSE: PLTR), according to LongPoint's announcement.
• Fund family: PLTU is one of three ETFs launched simultaneously; the other two track Robinhood (RBNU) and Meta Platforms (METU), per the same announcement.
• Issuer profile: LongPoint Asset Management describes itself as a Canadian-owned and operated ETF provider, according to the company's release.
• Leverage structure: The fund is designed to deliver 2x the daily return of Palantir's underlying shares, according to LongPoint.

Why It Matters

The launch of a dedicated double-leveraged ETF on a major exchange signals sustained institutional and retail appetite for amplified exposure to Palantir's stock, particularly from Canadian investors seeking TSX-listed vehicles. By selecting Palantir alongside Meta as one of only three underlying names in its initial product rollout, LongPoint is implicitly positioning PLTR as a high-conviction, high-demand name in the current market environment, according to the announcement.

For Palantir itself, the product adds a new layer of trading activity linked to its shares, as leveraged ETFs typically require daily rebalancing that can influence underlying stock volumes. Investors considering PLTU should note that 2x leveraged products are designed for short-term trading and carry compounding risks over longer holding periods — a structural characteristic standard to all daily-reset leveraged funds.

Wall Street View

Analyst sentiment on Palantir has grown more constructive in recent months. The latest consensus as of May 1, 2026 shows 11 Strong Buy ratings, 15 Buy ratings, 10 Hold ratings, 1 Sell, and 1 Strong Sell — an improvement from the prior April 1, 2026 tally of 9 Strong Buy and 15 Buy ratings, suggesting a modest shift toward higher conviction among the covering analyst community. Specific price targets were not available.

Investor Takeaway

The PLTU launch on the TSX reflects growing demand for leveraged access to Palantir's shares among Canadian market participants, according to LongPoint's announcement. With Wall Street's buy-side consensus expanding slightly over the past month, the underlying stock appears to retain broad institutional support. Investors evaluating Palantir directly should weigh that a net margin of 43.7% and revenue growth of 84.7% (TTM — may not reflect latest quarter) underpin the bull case, even as the stock remains well off its 52-week high of $207.52.