Daily Target 2X Short SMCI ETF (SMCZ)
Daily Target 2X Short SMCI ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Miami, FL, US. The stock last traded at $3.35, down 38.64% on the session, giving a market capitalisation of $1.7M. Its beta of -7.58 implies it has historically moved less than the broad market.
The Defiance Daily Target 2X Long SMCI ETF, referred to as the "Fund," aims to achieve daily investment outcomes that are double (200%) the daily percentage movement of Super Micro Computer, Inc.'s (NASDAQ: SMCI) stock price. Due to its pursuit of daily leveraged performance, this fund is structured quite differently from the majority of other exchange-traded funds, and there is no guarantee that it will consistently fulfill its stated objective. Moreover, investors should not expect the Fund's cumulative returns to be two times that of SMCI over holding periods longer than a single trading day.
Daily Target 2X Short SMCI ETF is most often compared with the following Financial Services names: