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NASDAQ:SMST

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

Defiance Daily Target 1.5X Short MSTR ETF logo
$58.91 +4.72 (+8.71%)
As of 03:59 PM Eastern

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

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Key Stats

Today's Range
$56.38
$60.25
50-Day Range
$40.77
$94.88
52-Week Range
$21.68
$154.16
Volume
181,067 shs
Average Volume
386,490 shs
Market Capitalization
$30.04 million
Assets Under Management
$27.89 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%0.97%0.57%0.54%0.53%
Other Expenses0.02%0.28%0.53%0.39%0.54%
Total Expense1.31%1.18%0.75%0.69%0.73%
Fee Waiver0.00%-0.43%-0.67%-0.41%-0.68%
Net Expense1.31%1.06%0.63%0.61%0.60%
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SMST ETF News Headlines

Tidal Trust II - Defiance Daily Target 2x Long MSTR ETF
BlackRock is hoarding it. JPMorgan is hoarding it. Do you own it?
BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid. The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned.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 beginning of 2026. Since then, SMST stock has decreased by 36.5% and is now trading at $58.91.

Shares of Defiance Daily Target 1.5X Short MSTR ETF reverse split on the morning of 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
8

Fund Statistics

Assets Under Management
$27.89 million
Average Daily Volume
$0.00
Discount/Premium
-0.17%
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
9
Put Options
3
Call Options
6
Short Interest
112,400 shs

Miscellaneous

Beta
-3.53
Creation Fee
$300.00
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Top 10 SMST Holdings

  • Cash Offset
    Holding Weight: 281.23%
  • OTHER ASSETS AND LIABILITIES
    Holding Weight: 22.81%
  • United States Treasury Bills 0%
    Holding Weight: 7.53%
  • First American Government Obligations Fund Class X
    Holding Weight: 1.35%
  • STRATEGY INC SWAP BMO-S
    Holding Weight: -20.69%
  • US DOLLARS
    Holding Weight: -29.51%
  • STRATEGY INC SWAP JNST-S
    Holding Weight: -38.15%
  • STRATEGY INC SWAP MAREX-S
    Holding Weight: -38.15%
  • MICROSTRATEGY INC SWAP - S- CANTOR
    Holding Weight: -42.15%
  • STRATEGY INC CS-S
    Holding Weight: -44.27%

This page (NASDAQ:SMST) was last updated on 8/14/2026 by MarketBeat.com Staff.
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