Key stats
About Defiance Daily Target 2X Short AMD ETF
Home page
Inception date
Nov 13, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
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
ISIN
US88636W6194
DAMD uses swap agreements to make bearish bets on Advanced Micro Devices, Inc.'s (Nasdaq: AMD) share price. AMD is a global semiconductor company that designs high-performance processors, graphics solutions, and adaptive computing technologies for consumer and enterprise markets. 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 AMD's performance strengthens. The fund is expected to invest in cash-like instruments as collateral.
Related funds
Classification
What's in the fund
Exposure type
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash85.76%
Mutual fund14.24%
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
DAMD trades at 28.83 USD today, its price has risen 2.08% in the past 24 hours. Track more dynamics on DAMD price chart.
DAMD assets under management is 2.19 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
DAMD fund flows account for 1.68 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
DAMD invests in cash. See more details in our Analysis section.
DAMD expense ratio is 1.31%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
DAMD is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
No, DAMD doesn't pay dividends to its holders.
DAMD trades at a premium (0.14%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
DAMD shares are issued by Toroso Investments Topco LLC
DAMD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 13, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.