22-Dec-2025
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The Defiance Daily Target 2X Short MSTR ETF seeks daily leveraged investment results of -2X (-200%) the daily percentage change in the share price of MicroStrategy Incorporated (Nasdaq MSTR) (the "Underlying Security" or "MSTR"). Because the fund seeks daily leveraged investment results, it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use leverage. There is no guarantee that the Fund will meet its stated objective. The fund should not be expected to provide -2 times the cumulative return of MSTR for periods greater than a day. MSTR has two main strategies for its business operations. One is to acquire and hold bitcoin, while the other is to grow its enterprise analytics software business. MSTR is listed on the Nasdaq Global Select Market ("Nasdaq").
Defiance Daily Target 2X Short Mstr ETF trades on the NASDAQ stock market under the symbol SMST.
As of December 22, 2025, SMST stock price declined to $80.16 with 410,316 million shares trading.
SMST has a beta of -2.19, meaning it tends to be less sensitive to market movements. SMST has a correlation of 0.09 to the broad based SPY ETF.
SMST has a market cap of $36.31 million. This is considered a Sub-Micro Cap stock.
SMST has underperformed the market in the last year with a return of -46.0%, while SPY returned +18.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SMST shares. However, SMST has outperformed the market in the last 3 month and 2 week periods, returning +203.1% and +12.5%, while SPY returned +3.5% and +0.2%, respectively. This indicates SMST has been having a stronger performance recently.
SMST support price is $72.57 and resistance is $87.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMST shares will trade within this expected range on the day.
