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

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.

Key Stats

• Today's Range: $1.58 to $1.74
• 50-Day Range: $1.60 to $8.64
• 52-Week Range: $1.57 to $118.40
• Volume: 20.85 million shs
• Average Volume: 25.78 million shs
• Market Capitalization: $29.98 million
• Assets Under Management: $40.56 million
• Dividend Yield: N/A
• Net Expense Ratio: 1.29%
• Aggregate Rating: N/A

SMST ETF - Frequently Asked Questions

How have SMST shares performed this year?

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 80.8% and is now trading at $1.60.
View the best growth stocks for 2025 here.

When did Defiance Daily Target 1.5X Short MSTR ETF's stock split?

Defiance Daily Target 1.5X Short MSTR ETF's stock reverse split on the morning of 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 closing bell 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.

When did Defiance Daily Target 1.5X Short MSTR ETF IPO?

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

Who are Defiance Daily Target 1.5X Short MSTR ETF's major shareholders?

Top institutional investors of Defiance Daily Target 1.5X Short MSTR ETF include IMC Chicago LLC.

How do I buy shares of Defiance Daily Target 1.5X Short MSTR ETF?

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: $40.56 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: 1,713
• Put Options: 360
• Call Options: 1,353

Miscellaneous

• Outstanding Shares: 18,740,000
• Beta: N/A
• Creation Fee: $300.00