MSTX
·NASDAQ
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Key Stats
Assets Under Management
323.45MUSD
Fund Flows (1Y)
798.29MUSD
Dividend Yield
330.15%
Discount/Premium to NAV
0.12%
Shares Outstanding
67.73M
Expense Ratio
1.29%
About Defiance Daily Target 2X Long MSTR ETF
Issuer
Tidal Investments LLC
Brand
Defiance
Home Page
Inception Date
Aug 14, 2024
Structure
Open-Ended Fund
Index Tracked
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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
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 as another operational business. The fund maintains a daily leveraged exposure equivalent to 175% 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 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
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-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -38.54% | -81.70% | -88.45% | -95.92% | -78.84% | -78.84% |
NAV Total Return | -40.79% | -74.00% | -84.32% | -92.45% | +1.40% | +1.40% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
STRATEGY INC SWAP MAREX
48.56%
STRATEGY INC SWAP CLEARSTREET
48.38%
STRATEGY INC INC SWAP CANTOR
47.93%
STRATEGY INC SWAP BMO
42.72%
STRATEGY SWAP NBC-L
12.36%
United States Treasury Bill 12/18/2025
9.88%
First American Government Obligations Fund 12/01/2031
2.12%
Dreyfus Government Cash Management 12/31/2031
0.00%
Cash & Other
-112.09%
Top 10 Weight 99.86%
9 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2024-12-31 | 2024-12-31 | 2025-01-03 | 14.428 |
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
