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: $27.23 to $28.64
• 50-Day Range: $23.80 to $108.20
• 52-Week Range: $22.80 to $2,368.00
• Volume: 715,497 shs
• Average Volume: 1.30 million shs
• Market Capitalization: $33.08 million
• Assets Under Management: $35.34 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 $166.80 at the start of the year. Since then, SMST shares have decreased by 83.3% and is now trading at $27.80.
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 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.

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 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 served as the underwriters for the IPO.

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

Top institutional shareholders of Defiance Daily Target 1.5X Short MSTR ETF include Jane Street Group LLC, Flow Traders U.S. LLC (0.44%), Jump Financial LLC (0.15%) and Belvedere Trading 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: $35.34 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: 200
• Put Options: 109
• Call Options: 91

Miscellaneous

• Outstanding Shares: 1,190,000
• Beta: N/A
• Creation Fee: $300.00