Defiance Daily Target 2x Short MSTR ETF
SMST
15 hedge funds and large institutions have $7.09M invested in Defiance Daily Target 2x Short MSTR ETF in 2026 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 2 closing their positions.
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
116% more capital invested
Capital invested by funds: $3.28M → $7.09M (+$3.81M)
114% more funds holding
Funds holding: 7 → 15 (+8)
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
35% more call options, than puts
Call options by funds: $3.93M | Put options by funds: $2.91M
6.65% more ownership
Funds ownership: 7.55% → 14.2% (+6.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$868K |
| 2 |
SG
StoneX Group
New York
|
+$565K |
| 3 |
Bank of New York Mellon
New York
|
+$436K |
| 4 |
GS
GTS Securities
Miami,
Florida
|
+$328K |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
+$291K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Optiver Holding
Amsterdam,
Netherlands
|
-$575K |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$356K |
| 3 |
Jane Street
New York
|
-$253K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$3.53K |
SMST Hedge Fund Activity: Q2 2026 in Review
15 of the 8,336 institutional investors tracked by Wall St. Rank reported a position in Defiance Daily Target 2x Short MSTR ETF (SMST) for Q2 2026, worth a combined $7.09M — up 116% from $3.28M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SMST positions and 2 closed out — a net gain of 8 holders — while 3 added to existing stakes and 2 trimmed.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $868K. The largest seller was Optiver Holding, cutting an estimated $575K.
- 15 institutional investors held Defiance Daily Target 2x Short MSTR ETF (SMST) as of Q2 2026, up from 7 in Q1 2026.
- Funds reported $7.09M of Defiance Daily Target 2x Short MSTR ETF stock for Q2 2026, up 116% quarter-over-quarter.
- 10 funds opened new Defiance Daily Target 2x Short MSTR ETF positions in Q2 2026 and 2 closed out, a net change of +8 holders.
- The largest Defiance Daily Target 2x Short MSTR ETF buyer in Q2 2026 was Goldman Sachs, an estimated $868K added.
- The largest Defiance Daily Target 2x Short MSTR ETF seller in Q2 2026 was Optiver Holding, an estimated $575K sold.
Based on aggregated 13F filings for Q2 2026.