Defiance Daily Target 2X Long SMCI ETF

SMCX

Market cap $111M

If you put $10,000 into the Defiance Daily Target 2X Long SMCX ETF (NASDAQ:SMCX) on the morning of May 8, 2026, you were sitting on about $14,100 a month later.

A 2x daily leveraged ETF that owns nothing but swaps on a single AI server stock did what 2x daily leveraged ETFs on single AI server stocks do when the AI server trade breaks.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

The math of a 2x daily reset leveraged ETF is unforgiving in a way that takes most investors a few painful months to fully appreciate.

NEW YORK, March 12, 2026 (GLOBE NEWSWIRE) -- Tidal Financial Group and Defiance ETFs announce reverse stock splits for twenty four of Defiance's exchange-traded funds (“ETFs”). These reverse splits are intended to reduce the number of outstanding shares and proportionally increase each fund's share price, with no impact on the total value of shareholders' investments.

NEW YORK, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Tidal Financial Group and Defiance ETFs announce reverse stock splits for twenty four of Defiance's exchange-traded funds (“ETFs”). These reverse splits are intended to reduce the number of outstanding shares and proportionally increase each fund's share price, with no impact on the total value of shareholders' investments.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.