Go Pro
NASDAQ:SMST

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

Defiance Daily Target 1.5X Short MSTR ETF logo
$12.00 +0.63 (+5.54%)
As of 04:00 PM Eastern

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

Advanced

Key Stats

Today's Range
$11.07
$12.09
50-Day Range
$11.21
$64.65
52-Week Range
$10.88
$154.16
Volume
3.89 million shs
Average Volume
524,609 shs
Market Capitalization
$16.56 million
Assets Under Management
$26.84 million
Dividend Yield
N/A
Net Expense Ratio
1.31%
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.

Defiance Daily Target 1.5X Short MSTR ETF Expenses

TypeSMSTSingle Stock ETFsEquity ETFsNASDAQ ETFsAll ETFs
Management Fee1.29%0.98%0.57%0.54%0.53%
Other Expenses0.02%0.28%0.53%0.38%0.54%
Total Expense1.31%1.19%0.75%0.69%0.73%
Fee Waiver0.00%-0.43%-0.67%-0.41%-0.68%
Net Expense1.31%1.07%0.63%0.61%0.60%
Receive SMST Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Defiance Daily Target 1.5X Short MSTR ETF and its competitors with MarketBeat's FREE daily newsletter.

SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

SMST ETF News Headlines

Tidal Trust II - Defiance Daily Target 2x Long MSTR ETF
Ready to give options a try? Your first trade (Ticker included) -INSIDE
Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and stinging losses? Dave Aquino is giving away the exact 11-hour options strategy he uses in volatile markets. You get the plain English blueprint behind the strategy and the very same "rinse and repeat" ticker he's traded nearly 900 times with a 95.3% success rate. It's so simple to understand, you could trade it tomorrow.tc pixel
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 $92.80 at the start of the year. Since then, SMST stock has decreased by 87.1% and is now trading at $12.00.

Shares of Defiance Daily Target 1.5X Short MSTR ETF reverse split before market open on Friday, May 23rd 2025.The 1-20 reverse split was announced on Monday, May 19th 2025. The number of shares owned by shareholders was adjusted after the market closes on Thursday, May 22nd 2025. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

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

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
Previous Symbol
NYSEARCA:SMST
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
$26.84 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
173
Put Options
7
Call Options
166
Short Interest
654,500 shs

Miscellaneous

Beta
-3.75
Creation Fee
$300.00
10 Stocks Powering The Next AI Boom  Cover

The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.

Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.

Get This Free Report

Top 9 SMST Holdings

  • Cash Offset
    Holding Weight: 247.09%
  • US DOLLARS
    Holding Weight: 99.69%
  • First American Government Obligs X
    Holding Weight: 4.25%
  • OTHER ASSETS AND LIABILITIES
    Holding Weight: -19.03%
  • STRATEGY INC SWAP BMO-S
    Holding Weight: -25.51%
  • MICROSTRATEGY INC SWAP - S- CANTOR
    Holding Weight: -41.77%
  • STRATEGY INC SWAP JNST-S
    Holding Weight: -47.01%
  • Strategy Inc Cs-S
    Holding Weight: -55.18%
  • STRATEGY INC SWAP MAREX-S
    Holding Weight: -62.54%

This page (NASDAQ:SMST) was last updated on 9/23/2026 by MarketBeat.com Staff.
From Our Partners