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Defiance Daily Target 2x Short MSTR ETF (SMST) stock declined over -3.58%, trading at $21.55 on NASDAQ, down from the previous close of $22.35. The stock opened at $22.00, fluctuating between $19.17 and $22.13 in the recent session.
| Filing Date | Accepted Date | |
|---|---|---|
| Filing Date | Accepted Date | |
|---|---|---|
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Sep 11, 2026 | 21.70 | 22.13 | 19.17 | 21.55 | 846.51K |
| Sep 10, 2026 | 22.49 | 22.94 | 21.37 | 22.35 | 780.65K |
| Sep 09, 2026 | 18.46 | 21.16 | 18.46 | 21.08 | 819.63K |
| Sep 08, 2026 | 19.70 | 20.30 | 19.30 | 19.98 | 882.97K |
| Sep 04, 2026 | 19.70 | 19.76 | 18.02 | 18.45 | 1.4M |
| Sep 03, 2026 | 25.46 | 25.46 | 17.91 | 17.96 | 2.42M |
| Sep 02, 2026 | 27.52 | 28.39 | 27.00 | 27.68 | 657.88K |
| Sep 01, 2026 | 25.75 | 27.36 | 25.17 | 26.89 | 823.4K |
| Aug 31, 2026 | 25.85 | 27.00 | 23.84 | 24.00 | 804.62K |
| Aug 28, 2026 | 24.03 | 26.67 | 23.47 | 26.30 | 1.54M |
| Aug 27, 2026 | 28.18 | 29.26 | 21.87 | 22.96 | 2.23M |
| Aug 26, 2026 | 29.99 | 30.94 | 28.86 | 29.86 | 832.46K |
| Aug 25, 2026 | 32.33 | 32.50 | 27.48 | 28.26 | 971.41K |
| Aug 24, 2026 | 31.22 | 32.18 | 27.63 | 30.37 | 490.64K |
| Aug 21, 2026 | 32.02 | 34.43 | 30.55 | 32.21 | 1.05M |
| Aug 20, 2026 | 36.55 | 40.30 | 36.00 | 36.86 | 622.48K |
| Aug 19, 2026 | 55.80 | 56.05 | 40.40 | 43.61 | 608.58K |
| Aug 18, 2026 | 54.80 | 58.50 | 53.00 | 58.32 | 178.51K |
| Aug 17, 2026 | 58.36 | 58.79 | 52.00 | 52.99 | 193.96K |
| Aug 14, 2026 | 56.96 | 60.25 | 56.38 | 58.79 | 181.07K |
SMST uses swap agreements to make bearish bets on MicroStrategy Incorporated's (NYSE: MSTR) share price. MSTR was originally known for its enterprise analytics software. It has then pivoted to include acquiring and holding Bitcoin (BTC) as another operational business. The fund maintains a daily leveraged exposure equivalent to -200% of the fund's net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if MSTR's performance strengthens. The fund is expected to invest in cash-like instruments as collateral. Following October 29, 2024, the fund adjusted its leverage ratio from 1.5x to 2x.
| Employees | 780 |
| Beta | -3.77 |
| Sales or Revenue | N/A |
| 5Y Sales Change% | 0.037% |
| Fiscal Year Ends | N/A |
| Sector | Financial Services |
| Industry | Asset Management |