Defiance Daily Target 2x Short MSTR ETF (SMST)

Assets	$12.37M
Expense Ratio	1.38%
PE Ratio	n/a
Forward PE	n/a
Shares Out	942,976
Dividend	n/a
Ex-Dividend Date	n/a
Payout Frequency	n/a
Payout Ratio	n/a

Volume	2,574,870
Open	15.91
Previous Close	14.75
Day's Range	13.05 - 16.40
52-Week Low	10.70
52-Week High	154.16
Beta	-3.50
Holdings	10
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	217.56%
United States Treasury Bills 0%	B.0 11.19.26	64.81%
US DOLLARS	n/a	12.59%
OTHER ASSETS AND LIABILITIES	n/a	2.41%
First American Government Obligs X	FGXXX	0.75%
STRATEGY INC CS-S	n/a	-20.73%
STRATEGY INC SWAP MAREX-S	n/a	-26.44%
STRATEGY INC SWAP JNST-S	n/a	-28.27%
MICROSTRATEGY INC SWAP - S- CANTOR	n/a	-34.65%
STRATEGY INC SWAP BMO-S	n/a	-88.02%

Performance

SMST had a total return of -58.75% in the past year, including dividends. Since the fund's inception, the average annual return has been -90.41%.

Data Sources: S&P Global Market Intelligence, CBOE, and more

Historical data is provided by S&P Global Market Intelligence. Real-time stock price data is provided by CBOE and 15-minute delayed consolidated tape pricing data is provided by Nasdaq UTP. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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