Defiance Daily Target 2x Short MSTR ETF
SMST
15 hedge funds and large institutions have $8.3M invested in Defiance Daily Target 2x Short MSTR ETF in 2025 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 5 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
1% less call options, than puts
Call options by funds: $2.59M | Put options by funds: $2.62M
6% less funds holding
Funds holding: 16 → 15 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
50% less capital invested
Capital invested by funds: $16.7M → $8.3M (-$8.44M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$3.2M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.96M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$791K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$415K |
| 5 |
HT
Headlands Technologies
Chicago,
Illinois
|
+$314K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.92M |
| 2 |
Optiver Holding
Amsterdam,
Netherlands
|
-$2.27M |
| 3 |
Jane Street
New York
|
-$1.66M |
| 4 |
SRL
Scientech Research LLC
Jersey City,
New Jersey
|
-$892K |
| 5 |
IMC Chicago
Chicago,
Illinois
|
-$796K |
SMST Hedge Fund Activity: Q1 2025 in Review
15 of the 7,473 institutional investors tracked by Wall St. Rank reported a position in Defiance Daily Target 2x Short MSTR ETF (SMST) for Q1 2025, worth a combined $8.3M — down 50% from $16.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SMST and 4 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 8 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $3.2M. The largest seller was Morgan Stanley, exiting entirely with an estimated $2.92M sold.
- 15 institutional investors held Defiance Daily Target 2x Short MSTR ETF (SMST) as of Q1 2025, down from 16 in Q4 2024.
- Funds reported $8.3M of Defiance Daily Target 2x Short MSTR ETF stock for Q1 2025, down 50% quarter-over-quarter.
- 4 funds opened new Defiance Daily Target 2x Short MSTR ETF positions in Q1 2025 and 5 closed out, a net change of -1 holder.
- The largest Defiance Daily Target 2x Short MSTR ETF buyer in Q1 2025 was Citadel Advisors, an estimated $3.2M added.
- The largest Defiance Daily Target 2x Short MSTR ETF seller in Q1 2025 was Morgan Stanley, an estimated $2.92M sold.
Based on aggregated 13F filings for Q1 2025.