Defiance Daily Target 2x Short MSTR ETF (SMST)

Assets	$48.14M
Expense Ratio	1.31%
PE Ratio	n/a
Shares Out	892,976
Dividend (ttm)	n/a
Dividend Yield	n/a
Ex-Dividend Date	n/a
Payout Frequency	n/a
Payout Ratio	n/a

Volume	338,658
Open	53.02
Previous Close	53.85
Day's Range	48.32 - 55.85
52-Week Low	17.59
52-Week High	154.16
Beta	n/a
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	264.12%
US DOLLARS	n/a	68.18%
United States Treasury Bills 0%	B.0 06.25.26	16.93%
First American Government Obligations Fund Class X	FGXXX	4.14%
OTHER ASSETS AND LIABILITIES	n/a	-20.41%
STRATEGY INC SWAP MAREX-S	n/a	-43.63%
STRATEGY INC SWAP BMO-S	n/a	-43.63%
MICROSTRATEGY INC SWAP - S- CANTOR	n/a	-47.16%
STRATEGY INC SWAP JNST-S	n/a	-48.77%
STRATEGY INC CS-S	n/a	-49.76%

Performance

SMST had a total return of 88.15% in the past year, including dividends. Since the fund's inception, the average annual return has been -87.21%.