MSTX
Daily Target 2X Long MSTR ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
MSTX, Daily Target 2X Long MSTR (MicroStrategy) ETF
The Defiance Daily Target 2X Long MSTR ETF (the “Fund”) seeks daily leveraged investment results of 2 (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 200X times the cumulative return of MSTR for periods greater than a day.
Underlying Stock: MicroStrategy (“MSTR”)
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”).
The Fund may not achieve investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the underlying security, and may return substantially less during such periods. During such periods, the Fund’s actual leverage levels may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower returns.
Fund Details
Data as of 01/16/2025MSTXMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | -49.99% | 71.03% | xx.xx% | 148.01% |
| Market Price (%) | xx.xx% | -53.51% | 58.12% | xx.xx% | 129.35% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 91.94% | 396.41% | xx.xx% | 395.89% |
| Market Price (%) | xx.xx% | 90.81% | 393.84% | xx.xx% | 393.35% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 78.16% | xx.xx% | xx.xx% | 158.36% |
| Market Price (%) | xx.xx% | 78.25% | xx.xx% | xx.xx% | 158.55% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 45.17% | xx.xx% | xx.xx% | 45.01% |
| Market Price (%) | xx.xx% | 45.20% | xx.xx% | xx.xx% | 45.05% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -0.11% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -0.10% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| 2024 | |
|---|---|
| Total Return NAV(%) | xx.xx% |
| Market Price (%) | xx.xx% |
Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Microstrategy Inc Swap Mar – L | 594972408 TRS 091425 | $367.00 | 32.61% | 1,519,930 | $557,814,310 |
| Mstr 01/22/2025 200.01 C | 2MSTR 250122C00200010 | $167.39 | 27.15% | 27,750 | $464,500,621 |
| Mstr 01/23/2025 200.01 C | 2MSTR 250123C00200010 | $167.45 | 20.56% | 21,000 | $351,645,000 |
| Mstr 01/21/2025 210.01 C | 2MSTR 250121C00210010 | $157.05 | 17.44% | 19,000 | $298,403,176 |
| Microstrategy Inc Swap Cs – L | 594972408 TRS 102225 | $367.00 | 16.69% | 778,000 | $285,526,000 |
| Microstrategy Inc | MSTR | $367.00 | 5.06% | 236,000 | $86,612,000 |
| Dreyfus Government Cash Management 12/31/2031 | DGCXX | $100.00 | 3.57% | 61,048,036 | $61,048,036 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 3.33% | 56,938,509 | $56,938,509 |
| Cash & Other | Cash&Other | $1.00 | -26.42% | -451,882,054 | $-451,882,054 |
Distribution
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 9/30/2024 | 10/1/2024 | 10/1/2024 | 10/3/2024 | $0.00 | |
| 10/31/2024 | 11/1/2024 | 11/1/2024 | 11/4/2024 | $0.00 | |
| 11/29/2024 | 12/2/2024 | 12/2/2024 | 12/4/2024 | $0.00 | |
| 12/30/2024 | 12/31/2024 | 12/31/2024 | 1/3/2025 | $14.42760884 |
| Distribution Rate *
As of — |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
Defiance ETFs announces 2024 capital gains distributions