Defiance Daily Target 2x Short MSTR ETF (SMST)

Assets	$17.62M
Expense Ratio	1.38%
PE Ratio	n/a
Shares Out	2.36M
Dividend (ttm)	n/a
Dividend Yield	n/a
Ex-Dividend Date	n/a
Payout Frequency	n/a
Payout Ratio	n/a

Volume	2,436,944
Open	11.38
Previous Close	11.21
Day's Range	10.88 - 11.38
52-Week Low	10.88
52-Week High	154.16
Beta	-3.77
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	247.09%
US DOLLARS	n/a	99.69%
First American Government Obligs X	FGXXX	4.25%
OTHER ASSETS AND LIABILITIES	n/a	-19.03%
STRATEGY INC SWAP BMO-S	n/a	-25.51%
MICROSTRATEGY INC SWAP - S- CANTOR	n/a	-41.77%
STRATEGY INC SWAP JNST-S	n/a	-47.01%
Strategy Inc Cs-S	n/a	-55.18%
STRATEGY INC SWAP MAREX-S	n/a	-62.54%

Performance

SMST had a total return of -57.01% in the past year, including dividends. Since the fund's inception, the average annual return has been -91.63%.

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:

Sep 23, 2026

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