Defiance Daily Target 2x Short MSTR ETF (SMST)

Assets	$30.02M
Expense Ratio	1.31%
PE Ratio	n/a
Shares Out	602,976
Dividend (ttm)	n/a
Dividend Yield	n/a
Ex-Dividend Date	n/a
Payout Frequency	n/a
Payout Ratio	n/a

Volume	1,067,400
Open	32.02
Previous Close	36.86
Day's Range	30.55 - 34.43
52-Week Low	21.68
52-Week High	154.16
Beta	-3.54
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	213.95%
US DOLLARS	n/a	53.28%
OTHER ASSETS AND LIABILITIES	n/a	16.12%
United States Treasury Bills 0%	B.0 08.27.26	6.59%
First American Government Obligations Fund Class X	FGXXX	2.44%
STRATEGY INC SWAP BMO-S	n/a	-25.77%
STRATEGY INC SWAP JNST-S	n/a	-37.02%
STRATEGY INC SWAP MAREX-S	n/a	-39.87%
STRATEGY INC CS-S	n/a	-44.40%
MICROSTRATEGY INC SWAP - S- CANTOR	n/a	-45.32%

Performance

SMST had a total return of 15.04% in the past year, including dividends. Since the fund's inception, the average annual return has been -87.37%.

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:

Aug 22, 2026

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