MSTX
Daily Target 2X Long MSTR ETF
Distribution Rate *
-%
As of —
Distribution Frequency
Monthly
30-Day SEC Yield **
-%
As of —
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”).
Fund Details
Data as of 12/06/2024
Net Assets
$2 015.74M
Premium/discount
-0.04%
NAV
$100.54
Closing Price
$100.50
Shares Outstanding
20,050,000
Median 30 Day Spread
0.32%
Fund inception
08/14/2024
Ticker
MSTX
Primary Exchange
NASDAQ
CUSIP
88636J253
Fund Holdings
9
NAV Symbol
MSTX.NV
Expense Ratio
1.29%
30 Day SEC Yield*
-1.02%
* Yield as of 11/30/2024
MSTXMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 91.94% | 396.41% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 395.89% |
| Market Price (%) | xx.xx% | 90.81% | 393.84% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 393.35% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 78.16% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 158.36% |
| Market Price (%) | xx.xx% | 78.25% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 158.55% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 45.17% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 45.01% |
| Market Price (%) | xx.xx% | 45.20% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 45.05% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -0.11% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -0.10% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 833.333.9383.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
Market price is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Microstrategy Inc Swap Mar – L | 594972408 TRS 091425 | $395.01 | 33.03% | 1,694,544 | $669,361,825 |
| Mstr 12/11/2024 225.01 C | 2MSTR 241211C00225010 | $170.47 | 21.03% | 25,000 | $426,175,000 |
| Mstr 12/09/2024 250.03 C | 2MSTR 241209C00250030 | $145.40 | 16.50% | 23,000 | $334,408,990 |
| Mstr 12/10/2024 250.01 C | 2MSTR 241210C00250010 | $145.85 | 15.11% | 21,000 | $306,280,575 |
| Microstrategy Inc Swap Cs – L | 594972408 TRS 102225 | $395.01 | 9.45% | 485,000 | $191,579,850 |
| Mstr 12/13/2024 250.01 C | 2MSTR 241213C00250010 | $147.47 | 5.09% | 7,000 | $103,231,421 |
| Microstrategy Inc | MSTR | $395.01 | 4.67% | 239,673 | $94,673,232 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 1.66% | 33,674,488 | $33,674,488 |
| Cash & Other | Cash&Other | $1.00 | -6.55% | -132,702,507 | $-132,702,507 |
Data as of 12/09/2024. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings
| Download Fund Documents |
|---|
Distribution
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 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 | $x | |
| 12/30/2024 | 12/31/2024 | 12/31/2024 | 1/5/2025 | $x |
| Distribution Rate *
As of — |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |