Defiance Daily Target 2x Short MSTR ETF (SMST)

Assets	$37.07M
Expense Ratio	1.31%
PE Ratio	n/a
Shares Out	692,976
Dividend (ttm)	n/a
Dividend Yield	n/a
Ex-Dividend Date	n/a
Payout Frequency	n/a
Payout Ratio	n/a

Volume	228,081
Open	54.31
Previous Close	55.36
Day's Range	54.31 - 58.38
52-Week Low	17.59
52-Week High	154.16
Beta	n/a
Holdings	9
Inception Date	Aug 20, 2024

About SMST

Fund Home Page

The Defiance Daily Target 2x Short MSTR ETF (SMST) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide 2x inverse exposure to the daily share price movement of MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. SMST was launched on Aug 20, 2024 and is issued by Defiance.

• Asset Class: Equity
• Category: Trading--Inverse Equity
• Stock Exchange: NASDAQ
• Ticker Symbol: SMST
• ETF Provider: Defiance

Top Holdings

Name	Symbol	Weight
Cash Offset	n/a	201.70%
US DOLLARS	n/a	65.00%
First American Government Obligations Fund	FGXXX	12.49%
United States Treasury Bills 0%	B.0 03.19.26	11.26%
OTHER ASSETS AND LIABILITIES	n/a	-15.29%
STRATEGY INC SWAP MAREX-S	n/a	-37.52%
STRATEGY INC CS-S	n/a	-40.52%
MICROSTRATEGY INC SWAP - S- CANTOR	n/a	-46.62%
STRATEGY INC SWAP BMO-S	n/a	-50.50%

Performance

SMST had a total return of -28.59% in the past year, including dividends. Since the fund's inception, the average annual return has been -89.55%.