SMCX
·NASDAQ
--
--(--)
--
--(--)
Key Stats
Assets Under Management
200.99MUSD
Fund Flows (1Y)
150.05MUSD
Dividend Yield
--
Discount/Premium to NAV
0.01%
Shares Outstanding
13.53M
Expense Ratio
1.29%
About Defiance Daily Target 2X Long SMCI ETF
Issuer
Tidal Investments LLC
Brand
Defiance
Home Page
Inception Date
Aug 21, 2024
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
SMCX uses swap agreements to make bullish bets on Super Micro Computer, Inc. (SMCI) share price. SMCI designs and manufactures high-performance computer server solutions for data centers and cloud providers. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in SMCI's share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. SMCX fund could potentially lose value over time, even if SMCI's performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Classification
Asset Class
Equity
Category
Sector
Focus
Information Technology
Niche
Technology Hardware Storage & Peripheral
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 | -25.71% | -60.87% | -65.27% | -66.76% | -96.60% | -96.60% |
NAV Total Return | -23.03% | -47.72% | -61.04% | -74.37% | -0.90% | -0.90% |
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
SUPER MICRO COMPUTER INC SWAP MS
44.16%
SUPER MICRO COMPUTER INC SWAP BMO
32.41%
SUPER MICRO COMPUTER INC COM SWAP CS - L
29.00%
SUPER MICRO COMPUTER INC NOMURA
25.77%
SUPER MICRO COMPUTER INC SWAP MAR - L
25.52%
SUPER MICRO COMPUTER INC COM SWAP CAN - L
25.37%
SUPER MICRO COMPUTER INC SWAP NBC-L
17.83%
United States Treasury Bill 12/18/2025
10.02%
First American Government Obligations Fund 12/01/2031
4.23%
Dreyfus Government Cash Management 12/31/2031
0.09%
Top 10 Weight 214.4%
11 Total Holdings
Dividends
No data is currently available
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
