Price Chart
Key Statistics
Previous Close
$31.94Day Range
52-Week Range
Avg Volume
8.3KDividend Yield
—Expense Ratio
1.31%AUM
$1.2MShares Outstanding
56.7KETF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Fund Information
- Issuer
- Defiance
- Inception Date
- Nov 17, 2025
- Exchange
- NYSE_ARCA
- Description
- STSM uses swap agreements to make bearish bets on Taiwan Semiconductor Manufacturing Company Limited's (NYSE: TSM) share price. TSM is a leading global semiconductor manufacturer that produces advanced integrated circuits for technology companies worldwide. The fund maintains a daily leveraged exposure equivalent to -200% of the fund's net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if TSM' performance strengthens. The fund is expected to invest in cash-like instruments as collateral.
The Tidal Trust II - Defiance Daily Target 2X Short TSM ETF (STSM) is an exchange-traded fund issued by Defiance that launched on Nov 17, 2025. It currently manages $1.2M in assets under management. The fund charges an expense ratio of 1.31%. The fund holds 6 securities in its portfolio.
Top 10 holdings represent 100.0% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | Cash & Other | 296.19% | 3,996,652 | $4.0M |
| 2 | — | First American Government Obligations Fund 12/01/2031 | 3.76% | 50,689 | $51K |
| 3 | — | TAIWAN SEMICONDUCTOR CORP SWAP NM | -32.39% | -1,060 | $-437091 |
| 4 | — | TAIWAN SEMICONDUCTOR SWAP CS | -53.51% | -1,751 | $-722024 |
| 5 | — | TAIWAN SEMICONDUCTOR SWAP CANTOR-S | -55.98% | -1,832 | $-755425 |
| 6 | — | TAIWAN SEMICONDUCTOR SWAP MAREX | -58.06% | -1,900 | $-783465 |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +14.28% | |
| 1W | +4.42% | |
| 1M | +23.04% | |
| 3M | +85.75% | |
| 6M | +48.41% | |
| YTD | +139.07% | |
| 1Y | +74.47% | |
| 3Y | +74.47% | |
| 5Y | +74.47% |
Moving Averages
$31.70
Above 20-Day MA$28.03
Above 50-Day MA$21.67
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$40.95
Current Price
$36.50
52-Week Low
$9.61
Current Yield
—
Annual Dividend
—
Frequency
—
Last Ex-Date
—
Dividends
No dividend data available for this ETF.
Category Comparison
No category data available for comparison.
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