SMCZ

Defiance Daily Target 2X Short SMCI ETF

$5.41

+0.00%

Market closed. Last update: 11:45 PM ET

📎 Investment Objective

The Defiance Daily Target 2X Short SMCI ETF (SMCZ) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the S&P MidCap 400 Index.

Overview

ETF tracking Defiance Daily Target 2X Short SMCI ETF

Category Inverse

Issuer Other

Inception Date 2025-04-01

Market Cap $12.5M

Average Volume N/A

Dividend Yield N/A

52-Week Range $2.57 - $25.40

VWAP $5.50

Performance

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Investment Summary

📎 Investment Objective

The Defiance Daily Target 2X Short SMCI ETF (SMCZ) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the S&P MidCap 400 Index.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its daily -2x target exposure to the S&P MidCap 400 Index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides -2x daily exposure to the S&P MidCap 400 Index
Resets exposure daily, not designed for long-term holding
Highly leveraged, which can magnify gains and losses
Relatively low assets under management and trading volume

⚠️ Primary Risks

Significant daily rebalancing risk due to the leveraged nature of the fund
Potential for large and unexpected losses, especially over longer holding periods
Tracking error risk, as the fund may not perfectly match the -2x daily index return
Liquidity risk due to low trading volume and assets under management

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who understand the risks of leveraged and inverse funds, and who seek to make short-term, speculative trades on the S&P MidCap 400 Index. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.