SMCZ
·NASDAQ
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Key Stats
Assets Under Management
5.99MUSD
Fund Flows (1Y)
-3.26MUSD
Dividend Yield
--
Discount/Premium to NAV
0.08%
Shares Outstanding
166.25K
Expense Ratio
1.29%
About Defiance Daily Target 2X Short SMCI ETF
Issuer
Tidal Investments LLC
Brand
Defiance
Home Page
Inception Date
Mar 31, 2025
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
SMCZ uses swap agreements to make bearish bets on Super Micro Computer (SMCI) share price. Super Micro Computer is a leading provider of high-performance server and storage solutions, with a strong emphasis on enabling artificial intelligence technologies. The fund aims to maintain daily inverse exposure equivalent to 200% of the shares. 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 -2x 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 shares of Super Micro Computer's performance strengthens. The fund is expected to invest in T-bills, money market funds, short-term bond ETFs, and corporate debts as collateral.
Classification
Asset Class
Equity
Category
Sector
Focus
Information Technology
Niche
Technology Hardware Storage & Peripheral
Strategy
Vanilla
Geography
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Weighting Scheme
Single Asset
Selection Criteria
Single asset
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +17.86% | +51.04% | -65.96% | -65.96% | -65.96% | -65.96% |
NAV Total Return | +11.77% | +14.52% | -0.58% | -0.58% | -0.58% | -0.58% |
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
Cash & Other
299.40%
United States Treasury Bill 12/18/2025
0.51%
First American Government Obligations Fund 12/01/2031
0.06%
SUPER MICRO COMPUTER INC SWAP MAREX
-49.03%
SUPER MICRO COMPUTER INC SWAP CANTOR-S
-71.29%
SUPER MICRO COMPUTER INC NOMURA-S
-79.78%
Top 10 Weight 99.87%
6 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
