This article marks the first edition of a monthly series where we’ll take a closer look at what the trading volumes of our ETFs are telling us about Crude Oil & Natural Gas. Our goal is simple: provide timely, data-driven insights to help you better understand how, and when, active investors are engaging with energy markets, so you can too.
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Here at LongPoint, we're passionate about creating ETFs that offer real opportunities for active investors to help them act decisively when volatility strikes. Launching Canada's first unhedged geared Crude Oil and Natural Gas ETFs back in 2024 is an example of our mission in action.
Our commodity ETFs have supported investors through a series of sharp, often unexpected swings. It’s no surprise that trading volumes have closely tracked some of the most turbulent moments in global energy markets, including...
During these periods, we observed a clear pattern: trading volumes in leveraged and inverse leveraged commodity ETFs tend to spike when conviction is highest, and when uncertainty is greatest.
This aligns with how active investors use these tools; not as long-term holds, but as tactical instruments to express short-term trading views, hedge exposure, or capitalize on momentum.
*Leverage ratio and lowest management fee in Canada as at Tuesday May 5, 2026. Management fee rebated from 1.15% to 0.25% until June 30, 2026.
Let's take a look...
Data as at April 30, 2026. Inception date November 28, 2024. Source: LongPoint ETFs.
The spotlight was on crude oil in April all based on geopolitics. The U.S.-Iran-Israel conflict dominated oil markets all month. Disruptions in the Strait of Hormuz severely impacted market supply and OILU trading. While a noticeable trend in OILD trading reflected the potential impact of the ceasefire in the Middle East. On April 28, the UAE announced it would leave OPEC, weakening regional strength.
Front month crude oil futures peaked near $113 USD per barrel on April 7, closing the month just over $105 USD per barrel.
OILU: SavvyLong Geared Crude Oil ETF (OILU:TSX)
OILD: SavvyShort Geared Crude Oil ETF (OILD:TSX)
As we are in the shoulder season, it was a quieter month for natural gas demand, particularly with mild weather. Trading trended down as a result. Volatility and trading may increase as we approach the summer season and if we get weather surprises.
Front month natural gas futures peaked near $2.82 USD/MMBtu at the beginning of the month, closing the month at $2.77 USD/MMBtu.
GASU: SavvyLong Geared Natural Gas ETF (GASU:TSX)
GASD: SavvyShort Geared Natural Gas ETF (GASD: TSX)
What stands out the most to us is how quickly investors used leveraged and inverse ETFs to react to changing market conditions with spikes in volume aligning closely with moments of peak uncertainty and opportunity.
GASU: SavvyLong Geared Natural Gas ETF (GASU:TSX)
GASD: SavvyShort Geared Natural Gas ETF (GASD:TSX)
OILU: SavvyLong Geared Crude Oil ETF (OILU:TSX)
OILD: SavvyShort Geared Crude Oil ETF (OILD:TSX)
This article is intended for active, high-conviction investors. Always read the full prospectus and disclaimers before investing. Visit www.longpointetfs.com for more information.
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