Key stats
About Defiance Daily Target 2x Short MSTR ETF
Home page
Inception date
Aug 20, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
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.
Classification
What's in the fund
Exposure type
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash81.00%
Mutual fund19.00%
Top 10 holdings
SMST/USD – 30-Min Short Trade Setup !📌 📉
🔹 Asset: SMST (Defiance Daily Target 2X Short MSTR ETF)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below $8.10 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $9.03 (Break of Resistance & Trendline)
🎯 Take Profit Targets
📌 TP1:
Bearish Trade Setup for SMST Thursday!
📍 Entry (Short): $8.33
🛑 Stop Loss (SL): $8.93
🎯 Target 1 (T1): $7.61
🎯 Target 2 (T2): $6.74
📉 Pattern: Rising wedge indicating a potential bearish breakdown.
⚠️ Note: Watch for breakdown confirmation with increased volume before entry.
This reflects the bearish nature of the trade. Let me know if
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Oscillators
Neutral
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Summary
Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.