Price Chart
Key Statistics
Previous Close
$33.24Day Range
52-Week Range
Avg Volume
4.7KDividend Yield
—Expense Ratio
0.00%AUM
$933KShares Outstanding
18.9KFund 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 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 $933K in assets under management. The fund charges an expense ratio of 0.00%. 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 | 296.33% | 2,856,628 | $2.9M |
| 2 | — | First American Government Obligations Fund 12/01/2031 | 3.61% | 34,775 | $35K |
| 3 | — | TAIWAN SEMICONDUCTOR SWAP CANTOR-S | -46.40% | -1,045 | $-447291 |
| 4 | — | TAIWAN SEMICONDUCTOR CORP SWAP NM | -47.16% | -1,062 | $-454567 |
| 5 | — | TAIWAN SEMICONDUCTOR SWAP CS | -48.66% | -1,096 | $-469120 |
| 6 | — | TAIWAN SEMICONDUCTOR SWAP MAREX | -57.72% | -1,300 | $-556439 |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +5.52% | |
| 1W | +116.75% | |
| 1M | +106.42% | |
| 3M | +78.07% | |
| 6M | +190.56% | |
| YTD | +134.36% | |
| 1Y | +71.03% | |
| 3Y | +71.03% | |
| 5Y | +71.03% |
Moving Averages
$19.35
Above 20-Day MA$19.02
Above 50-Day MA$19.15
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$40.95
Current Price
$35.07
52-Week Low
$9.61
Current Yield
—
Annual Dividend
—
Frequency
—
Last Ex-Date
—
Dividends
No dividend data available for this ETF.
Category Comparison
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