Defiance Daily Target 2x Short MSTR ETF
SMST
9 hedge funds and large institutions have $1.51M invested in Defiance Daily Target 2x Short MSTR ETF in 2025 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 8 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
9.55% more ownership
Funds ownership: 0% → 9.55% (+9.6%)
24% less call options, than puts
Call options by funds: $6.14M | Put options by funds: $8.11M
40% less funds holding
Funds holding: 15 → 9 (-6)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
82% less capital invested
Capital invested by funds: $8.3M → $1.51M (-$6.78M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$477K |
| 2 |
Optiver Holding
Amsterdam,
Netherlands
|
+$76.9K |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$36.9K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$12.2K |
| 5 |
CFO
CVA Family Office
Denver,
Colorado
|
+$11.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$1.13M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$568K |
| 3 |
HT
Headlands Technologies
Chicago,
Illinois
|
-$263K |
| 4 |
HHGC
Hunting Hill Global Capital
New York
|
-$211K |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
-$199K |
SMST Hedge Fund Activity: Q2 2025 in Review
9 of the 7,614 institutional investors tracked by Wall St. Rank reported a position in Defiance Daily Target 2x Short MSTR ETF (SMST) for Q2 2025, worth a combined $1.51M — down 82% from $8.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SMST and 2 opened new positions — a net loss of 6 holders — while 3 trimmed existing stakes and 4 added.
The largest buyer was Jane Street, adding an estimated $477K. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.13M sold.
- 9 institutional investors held Defiance Daily Target 2x Short MSTR ETF (SMST) as of Q2 2025, down from 15 in Q1 2025.
- Funds reported $1.51M of Defiance Daily Target 2x Short MSTR ETF stock for Q2 2025, down 82% quarter-over-quarter.
- 2 funds opened new Defiance Daily Target 2x Short MSTR ETF positions in Q2 2025 and 8 closed out, a net change of -6 holders.
- The largest Defiance Daily Target 2x Short MSTR ETF buyer in Q2 2025 was Jane Street, an estimated $477K added.
- The largest Defiance Daily Target 2x Short MSTR ETF seller in Q2 2025 was Citadel Advisors, an estimated $1.13M sold.
Based on aggregated 13F filings for Q2 2025.