SMST

Tidal Trust II Defiance Daily Target 2x Short MSTR ETF

$63.13

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The Tidal Trust II Defiance Daily Target 2x Short MSTR ETF (SMST) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the MSTR stock.

Overview

ETF tracking Tidal Trust II Defiance Daily Target 2x Short MSTR ETF

Category Inverse

Issuer Other

Inception Date 2024-08-21

Market Cap $57.0M

Average Volume N/A

Dividend Yield N/A

52-Week Range $17.71 - $213.57

VWAP $62.53

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Tidal Trust II Defiance Daily Target 2x Short MSTR ETF (SMST) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the MSTR stock.

🎯 Investment Strategy

The ETF uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its daily -2x target exposure to the MSTR stock. 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 MSTR stock
Designed for short-term, tactical trading rather than long-term investment
Employs derivatives to achieve its target exposure
Has a very low asset base and expense ratio of 0.00%

⚠️ Primary Risks

Significant daily rebalancing risk, which can lead to returns that deviate from the target -2x exposure over longer holding periods
Potential for large and unexpected losses, especially in volatile market conditions
Counterparty risk associated with the use of derivatives
Lack of long-term performance history

👤 Best For

This ETF is designed for experienced, sophisticated investors who understand the risks of leveraged and inverse products and are looking for short-term, tactical exposure to the MSTR stock. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.