Symbols

STSM

Defiance Daily Target 2X Short TSM ETF·ARCA

--(--)

Key Stats

Assets Under Management

2.00MUSD

Fund Flow (1Y)

1.71MUSD

Dividend Yield

Discount / Premium to NAV

-0.03%

Shares Outstanding

56.67K

Expense Ratio

1.31%

About Defiance Daily Target 2X Short TSM ETF

Issuer

Tidal Investments LLC

Brand

Defiance

Home Page

https://www.defianceetfs.com/stsm/

Inception Date

Nov 17, 2025

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

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

STSM provides investors with amplified inverse (-2X) exposure to Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), a leading global semiconductor manufacturer that produces advanced integrated circuits for technology companies worldwide. STSM seeks to deliver -200% of the daily performance of TSM's stock, giving active traders a tactical way to express bearish views on one of the most influential companies in the semiconductor industry—without the need for a margin account.