MSTX Daily Target 2X Long MSTR ETF
Quote as of Oct 09, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 17.63 | Day Range | 17.39 – 19.14 |
| 52-Week Range | 6.72 – 199.20 | Volume | 6.27M |
| Avg Volume | 8.00M | AUM | $354.5M (Oct 10, 2026) |
| Expense Ratio | 1.31% | Yield (TTM) | — |
| NAV | 17.63 | Premium/Discount | +3.57% indicative |
| Inception | Aug 14, 2024 | Holdings | 10 |
| Issuer | Defiance | Exchange | NASDAQ |
| Category | Leveraged | Index Tracked | Not stated in source data |
| CUSIP | 88636W221 | ISIN | US88636W2219 |
| Structure | Leveraged 2x | ||
| Management | Not stated in source data | ||
About this ETF
The Defiance Daily Target 2X Long MSTR ETF (referred to as "the Fund") is designed to deliver daily investment returns that are two times (200%) the daily percentage change in the share price of MicroStrategy Incorporated (Nasdaq: MSTR). Distinct from most traditional exchange-traded funds, this Fund employs a leveraged, daily-resetting strategy, and there is no guarantee it will consistently meet its stated daily objective. Investors should be aware that its cumulative performance over periods longer than a single day will very likely not be double the cumulative return of MSTR.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +26.28% | +112.33% | -10.23% | -52.57% | -91.16% | — | — | — | -67.44% |
| Total return | +26.28% | +112.33% | -10.23% | -52.57% | -91.16% | — | — | — | -62.25% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.31% | Annual cost of a $10,000 investment | $131.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 10 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | STRATEGY INC SWAP JNST-L | — | 41.27% | 961.51K | $148.4M |
| 2 | STRATEGY INC SWAP CLEARSTREET | — | 38.96% | 907.61K | $140.1M |
| 3 | STRATEGY SWAP NBC-L | — | 38.16% | 888.90K | $137.2M |
| 4 | STRATEGY INC SWAP MAREX | — | 36.87% | 859.02K | $132.6M |
| 5 | STRATEGY INC INC SWAP CANTOR | — | 35.31% | 822.61K | $127.0M |
| 6 | United States Treasury Bill 11/19/2026 | — | 29.65% | 107.04M | $106.6M |
| 7 | STRATEGY INC SWAP BMO | — | 9.37% | 218.38K | $33.7M |
| 8 | First American Government Obligations Fund… | — | 7.21% | 25.93M | $25.9M |
| 9 | BNY Dreyfus Government Cash Management… | — | 0.00% | 12 | $12.27 |
| 10 | Cash & Other | — | -136.81% | -491.91M | -$491.9M |
Click a ticker to see every ETF that owns it.
Sector Exposure
Distributions
| Yield (TTM) | — | Paid (last 12 months) | — |
| Frequency | Irregular | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Dec 31, 2024 | Last payment | $14.4276 (Jan 03, 2025) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 31, 2024 | Dec 31, 2024 | Jan 03, 2025 | $14.4276 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 161.99% / — | Sharpe 1Y / 3Y | -0.429 / — |
| Max drawdown 1Y / 3Y | -96.60% / — | Sortino 1Y | -0.648 |
| Beta vs S&P 500 (3Y) | 4.97 | Correlation vs S&P 500 (1Y) | 0.465 |
| Downside deviation 1Y | 107.39% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 6.27M | Average volume | 8.00M |
| AUM | $354.5M | Premium/Discount | +3.57% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$6.6M | -1.82% | $361.1M → $354.5M |
| 1 Month | -$19.1M | -6.66% | $286.7M → $354.5M |
| 1 Week | $10.3M | +2.75% | $373.7M → $354.5M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for MSTX
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.