Tidal Trust II Defiance Daily Target 2x Long MSTR ETF (MSTX)

• Market cap: $736M
• 1 day: -2.44%
• 5 days: -2.23%
• 1 month: -23.96%
• 3 months: -37.97%
• 6 months: -18.99%
• Year to date: -39.52%
• 1 year: 13.65%
• 5 years: 12.08%
• 10 years: 12.08%

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

107% more capital invested

Capital invested by funds: $50.8M [Q1] → $105M (+$54.4M) [Q2]

37% more call options, than puts

Call options by funds: $180M | Put options by funds: $131M

18% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 11

5% more funds holding

Funds holding: 40 [Q1] → 42 (+2) [Q2]

3.59% more ownership

Funds ownership: 4.89% [Q1] → 8.49% (+3.59%) [Q2]

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12