SMQ Tradr 1X Short Innovation 100 Monthly ETF
Quote as of Jun 11, 2026 19:51 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 39.23 | Day Range | 39.15 – 39.55 |
| 52-Week Range | 39.10 – 55.49 | Volume | 4.28K |
| Avg Volume | 650 | AUM | $782.6K (Aug 27, 2026) |
| Expense Ratio | 1.98% | Yield (TTM) | 8.92% |
| NAV | 39.13 | Premium/Discount | +0.05% indicative |
| Inception | Nov 29, 2024 | Holdings | — |
| Issuer | Tradr | Exchange | CBOE |
| Category | Financials | Index Tracked | Not stated in source data |
| CUSIP | 46092D285 | ISIN | US46092D2852 |
| Structure | Inverse | ||
| Management | Passive / index-tracking (per issuer description) | ||
About this ETF
The Tradr 1X Short Innovation 100 Monthly ETF (SMQ) is structured to provide investors with a return that is precisely the inverse (1x) of the monthly performance of the QQQ ETF. QQQ itself tracks the performance of 100 companies listed on the NASDAQ exchange. SMQ primarily executes its strategy by entering into swap agreements with various global financial institutions, where the fund exchanges returns tied to QQQ's movement. Any unallocated cash is strategically invested in conservative, high-quality assets such as U.S. government securities, money market funds, short-term bond ETFs, or top-tier corporate debt. These investments serve as essential collateral for the fund's derivative counterparties. To consistently maintain its 100% inverse exposure, the fund's portfolio undergoes adjustments and rebalancing at the end of each month. However, if QQQ experiences a substantial rise of 35% or more within a given month, SMQ will initiate an early rebalance. This protective measure is designed to limit potential losses, although it may lead to the fund not fully achieving its target inverse return for that specific month.
Description from the fund data provider · profile as of Aug 27, 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 | -10.07% | -25.39% | -22.55% | -22.01% | — | — | — | — | -21.18% |
| Total return | -2.32% | -18.97% | -15.67% | -15.29% | — | — | — | — | -14.18% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Jun 18, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.98% | Annual cost of a $10,000 investment | $198.00 |
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 Jan 06, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 4 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | CFD INVESCO QQQ TRUST SERIES 1 - 12/11/2049 | — | 101.35% | 1.02M | $1.0M |
| 2 | CASHUSD | — | 100.02% | 1.00M | $1.0M |
| 3 | NET OTHER ASSETS | — | -0.21% | -2.10K | -$2.1K |
| 4 | CFD INVESCO QQQ TRUST SERIES 1 | — | -101.16% | -1.64K | -$1.0M |
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Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 8.92% | Paid (last 12 months) | $3.4904 |
| Frequency | Special | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Jun 10, 2026 | Last payment | $3.3668 (Jun 12, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Jun 10, 2026 | Jun 10, 2026 | Jun 12, 2026 | $3.3668 |
| Dec 30, 2025 | Dec 30, 2025 | Jan 05, 2026 | $0.1236 |
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
Liquidity
| Volume today | 4.28K | Average volume | 650 |
| AUM | $782.6K | Premium/Discount | +0.05% |
| 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 →
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 SMQ
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.