Defiance Daily Target 2x Long MSTR ETFDD

Defiance Daily Target 2x Long MSTR ETF

42.22USDR
−1.03−2.38%
Last update at 21:11 GMT
42.10USD
−0.12−0.28%
No tradesPost-marketLast update at 21:30 GMT
See on Supercharts

Key stats


Assets under management (AUM)
‪1.28 B‬USD
Fund flows (1Y)
‪1.84 B‬USD
Dividend yield (indicated)
66.72%
Discount/Premium to NAV
−0.1%
Shares outstanding
‪31.90 M‬
Expense ratio
1.29%

About Defiance Daily Target 2x Long MSTR ETF


Issuer
Toroso Investments Topco LLC
Brand
Defiance
Inception date
Aug 15, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
MSTX uses swap agreements to make bullish 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 1.75x to 2x.

Classification


Asset Class
Equity
Category
Sector
Focus
Information technology
Niche
Application software
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of February 13, 2025
Exposure type
StocksBonds, Cash & Other
Rights & Warrants
Cash
Mutual fund
Stocks3.53%
Technology Services3.53%
Bonds, Cash & Other96.47%
Rights & Warrants44.53%
Cash38.43%
Mutual fund13.51%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Symbol
Assets
O
OPTIONS
44.53%
U
U.S. Dollar
38.43%
D
Dreyfus Government Cash Management Funds Institutional
12.21%
M
MicroStrategy Incorporated Class AMSTR
3.53%
F
First American Funds Inc X Government Obligations Fund
1.31%
Top 10 weight100.00%
5 total holdings

Dividends


Dec '24
‪0.00‬
‪4.00‬
‪8.00‬
‪12.00‬
‪16.00‬
Dividend amount
Dividend payout history
Ex-date
Record date
Pay date
Amount
Frequency
Dec 31, 2024
Dec 31, 2024
Jan 3, 2025
14.428
Monthly

Assets under management (AUM)



Fund Flows