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Notice: An IPO for SMST is planned for Wednesday, April 2, 2025
NASDAQ:SMST

Defiance Daily Target 1.5X Short MSTR ETF (SMST) Price, Holdings, & News

$4.06 +0.70 (+20.83%)
As of 04:00 PM Eastern

About Defiance Daily Target 1.5X Short MSTR ETF (NASDAQ:SMST)

Key Stats

Today's Range
$3.42
$4.07
50-Day Range
$3.05
$8.64
52-Week Range
$3.01
$118.40
Volume
25.84 million shs
Average Volume
24.05 million shs
Market Capitalization
$37.80 million
Assets Under Management
$62.85 million
Dividend Yield
N/A
Net Expense Ratio
1.29%
Aggregate Rating
N/A

ETF Overview

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.

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Defiance Daily Target 1.5X Short MSTR ETF Expenses

TypeSMSTSingle Stock ETFsEquity ETFsNASDAQ ETFsAll ETFs
Management Fee1.29%0.95%0.56%0.53%0.53%
Other Expenses0.00%0.36%0.49%0.43%0.52%
Total Expense1.29%1.16%0.72%0.67%0.71%
Fee Waiver0.00%-0.32%-0.50%-0.30%-0.55%
Net Expense1.29%1.03%0.63%0.61%0.60%
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SMST ETF News Headlines

SOXS, SMST: Big ETF Outflows
See More Headlines

SMST ETF - Frequently Asked Questions

Defiance Daily Target 1.5X Short MSTR ETF's stock was trading at $8.34 on January 1st, 2025. Since then, SMST shares have decreased by 51.3% and is now trading at $4.06.
View the best growth stocks for 2025 here
.

Defiance Daily Target 1.5X Short MSTR ETF's stock reverse split before market open on Monday, November 11th 2024. The 1-5 reverse split was announced on Monday, November 4th 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, November 8th 2024. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Defiance Daily Target 1.5X Short MSTR ETF (SMST) plans to raise $864 million in an initial public offering (IPO) on Wednesday, April 2nd 2025. The company will issue 27,000,000 shares at $28.00-$36.00 per share. Citigroup, Wells Fargo Securities, KeyBanc Capital Markets and BMO Capital Markets will serve as the underwriters for the IPO.

Defiance Daily Target 1.5X Short MSTR ETF's top institutional investors include IMC Chicago LLC, Jump Financial LLC (1.53%), Jane Street Group LLC and Belvedere Trading LLC.

Shares of SMST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Fund Details

Issuer
Defiance ETFs
Fund Name
Defiance Daily Target 1.5X Short MSTR ETF
Tax Classification
Regulated Investment Company
Stock Exchange
NASDAQ
Current Symbol
NASDAQ:SMST
Inception Date
8/20/2024
Fund Manager
Qiao Duan, Christopher Mullen
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
N/A
Category
Strategy
Focus
Single Stock
Development Level
Developed Markets
Region
North America
Number of Holdings
7

Fund Statistics

Assets Under Management
$62.85 million
Average Daily Volume
$0.00
Discount/Premium
0.01%
Leveraged
-1.50

Administrator, Advisor and Custodian

Administrator
Tidal ETF Services LLC
Advisor
Tidal Investments LLC
Custodian
U.S. Bank, N.A.
Distributor
Foreside Fund Services, LLC
Transfer Agent
U.S. Bancorp Fund Services, LLC
Trustee
N/A
Lead Market Maker
Susquehanna

Options

Optionable
Optionable
Options Volume
1,849
Put Options
972
Call Options
877

Miscellaneous

Beta
N/A
Creation Fee
$300.00
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Top 6 SMST Holdings

  • Cash Offset
    Holding Weight: 282.61%
  • US DOLLARS
    Holding Weight: 97.84%
  • First American Government Obligations Fund
    Holding Weight: 13.80%
  • DEPOSITS WITH BROKER FOR SHORT POSITIONS
    Holding Weight: -28.98%
  • MICROSTRATEGY INC SWAP - S- CANTOR
    Holding Weight: -31.81%
  • MICROSTRATEGY SWAP MAR - S
    Holding Weight: -233.45%

This page (NASDAQ:SMST) was last updated on 3/28/2025 by MarketBeat.com Staff
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