Key stats
About Defiance Daily Target 1.75x Long MSTR ETF
Expense ratio
1.29%
Home page
Inception date
Aug 15, 2024
MSTX uses swap agreements to make bullish bets on MicroStrategy Incorporateds (NYSE: MSTR) share price. MSTR was originally known for its enterprise analytics software. It has then pivoted to include acquiring and holding bitcoin as another operational business. The fund maintains a daily leveraged exposure equivalent to 175% of the funds 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 1.75x 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Mutual fund
Rights & Warrants
Stocks4.35%
Technology Services4.35%
Bonds, Cash & Other95.65%
Cash63.98%
Mutual fund18.12%
Rights & Warrants13.55%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history