Tidal Trust II Defiance Daily Target 2x Short MSTR ETF (SMST)

• Market cap: $35M
• 1 day: 1.34%
• 5 days: -18.82%
• 1 month: -63.08%
• 3 months: -69.31%
• 6 months: -98.98%
• Year to date: -80.44%
• 1 year: -99.67%
• 5 years: -99.67%
• 10 years: -99.67%

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

6,481% more capital invested

Capital invested by funds: $254K [Q3] → $16.7M (+$16.5M) [Q4]

1,500% more funds holding

Funds holding: 1 [Q3] → 16 (+15) [Q4]

16.28% more ownership

Funds ownership: 10.52% [Q3] → 26.8% (+16.28%) [Q4]

56% less call options, than puts

Call options by funds: $1.53M | Put options by funds: $3.44M