SMST — Defiance Daily Target 1.5x Short MSTR ETF
Defiance Daily Target 1.5x Short MSTR ETF (SMST)
SMST pays a 0.00% distribution rate, on a 1.31% expense ratio. Total return is -96.8% over the past 2 years, 62.6 points behind MSTR at -34.2%. Its deepest 1-year drawdown was 85.4%.
Defiance Daily Target 1.5x Short MSTR ETF is a leveraged inverse equity ETF designed to deliver -1.5x the daily performance of Microstrategy (MSTR), making it a bearish bet on the underlying stock that resets daily. The fund carries a 1.31% expense ratio and generates no income distributions, as it is structured for short-term tactical trading rather than yield generation. This product appeals to active traders and investors seeking to hedge MSTR exposure or profit from anticipated short-term declines, though the daily reset mechanism and leverage amplify both gains and losses.
SMST key facts
- Issuer
- Defiance ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 08/20/2024
- Expense ratio
- 1.31%
- Distribution rate
- 0.00%
- Last close
- $58.79
- AUM
- $24,915,166
- Average volume
- 181169.0
- Beta
- -6.053
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