Defiance Leveraged Long + Income MSTR ETF (MST)Trading--Miscellaneous | Exchange Traded Fund | NasdaqGM
31.79 USD
+5.55
(21.151%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 30.79 -1.00 (-1.000%) ⇩ (April 17, 2026, 7:56 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ★★☆☆☆ |
Hot Take | April 19, 2026, 1:07 a.m. EDT
Avoid this at all costs. Despite the high stock-price momentum and recent price surge, MST is a 'buy high' trap. It is an ultra-leveraged ETF (Defiance Leveraged Long + Income) that has printed massive quarterly dividends ($4-9/) which are unsustainable from a fundamentals standpoint without the underlying asset crashing or the ETF structure changing. The deep ITM options flow signals the market knows the volatility risk is extreme; players are positioning for a binary event, not smooth accumulation. The 5-year track record of this specific ETF yields NAV erosion, and the recent price of $31+ makes it unattractive for a long hold or even standard momentum play given the leverage decay. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.220041 |
| AutoTheta | 0.304432 |
| MSTL | 0.450513 |
| AutoETS | 0.452951 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 80% |
| H-stat | 0.69 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.714 |
| Excess Kurtosis | -0.14 |
As of April 19, 2026, 1:07 a.m. EDT: Options flow shows heavy positioning in deep In-The-Money (ITM) calls and deep In-The-Money (ITM) puts for distant expirations (Aug/Nov). The probability distribution for Aug 21 shows 51 volumes in 3.0 calls vs 0 in 19.0 calls, and 50 volumes in 4.0 puts vs 0 in 19.0 puts. This aggressive deep ITM positioning creates a 'long gamma' or binary 'bet-on-a-move' structure rather than a directional gamma scalp. The lack of OI in moderate OTM strikes suggests a sentiment focused on avoiding a lengthy, brutal grind (protective deep OTM) or betting on a massive, high-beta event (deep OTM misses).
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-15 | 0.178 | 0.721466 |
| 2026-04-08 | 0.190 | 0.917209 |
| 2026-04-01 | 0.194 | 0.993320 |
| 2026-03-25 | 0.335 | 1.389696 |
| 2026-03-11 | 0.448 | 1.851534 |
| 2026-03-04 | 0.525 | 1.953456 |
| 2026-02-25 | 0.392 | 1.656909 |
| 2026-02-18 | 0.504 | 2.437504 |
| 2026-02-11 | 0.490 | 2.365075 |
| 2026-02-04 | 0.483 | 2.104274 |
| 2026-01-28 | 0.581 | 1.669023 |
| 2026-01-21 | 0.686 | 1.868944 |
| 2026-01-14 | 0.658 | 1.510320 |
| 2026-01-07 | 0.798 | 2.169317 |
| 2025-12-31 | 0.791 | 2.395735 |
| 2025-12-24 | 0.651 | 1.835329 |
| 2025-12-17 | 0.644 | 1.786652 |
| 2025-12-10 | 1.540 | 3.328665 |
| 2025-12-03 | 4.116 | 8.709743 |
| 2025-11-26 | 1.064 | 2.512249 |
| 2025-11-19 | 1.596 | 3.381984 |
| 2025-11-12 | 1.932 | 2.750720 |
| 2025-11-05 | 3.220 | 3.501429 |
| 2025-10-29 | 2.940 | 2.742283 |
| 2025-10-22 | 3.080 | 2.793059 |
| 2025-10-15 | 3.388 | 2.766108 |
| 2025-10-08 | 4.760 | 3.153394 |
| 2025-10-01 | 4.144 | 2.623976 |
| 2025-09-24 | 4.648 | 3.028796 |
| 2025-09-17 | 4.116 | 2.515533 |
| 2025-09-10 | 4.116 | 2.582752 |
| 2025-09-03 | 4.396 | 2.716255 |
| 2025-08-27 | 5.180 | 2.991008 |
| 2025-08-20 | 5.180 | 2.958450 |
| 2025-08-13 | 6.104 | 2.729916 |
| 2025-08-06 | 5.264 | 2.413182 |
| 2025-07-30 | 5.964 | 2.517863 |
| 2025-07-23 | 6.160 | 2.394409 |
| 2025-07-16 | 9.828 | 3.176041 |
| 2025-07-09 | 7.616 | 2.844776 |
| 2025-07-02 | 8.008 | 3.118507 |
| 2025-06-25 | 5.824 | 2.354271 |
| 2025-06-18 | 7.616 | 3.340237 |
| 2025-06-11 | 8.008 | 3.250056 |
| 2025-06-04 | 7.448 | 3.133450 |
| 2025-05-28 | 7.420 | 3.342031 |
| 2025-05-21 | 9.380 | 3.481800 |
| Attribute | Value |
|---|---|
| All Time High | 678.44 |
| All Time Low | 16.59 |
| Ask | 31.79 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 80,470 |
| Average Daily Volume3 Month | 79,609 |
| Average Volume | 79,609 |
| Average Volume10Days | 80,470 |
| Beta3 Year | 0.0 |
| Bid | 31.6 |
| Bid Size | 1 |
| Category | Trading--Miscellaneous |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 33.5939 |
| Day Low | 27.84 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 24.08278 |
| Fifty Day Average Change | 7.70722 |
| Fifty Day Average Change Percent | 0.32003033 |
| Fifty Two Week Change Percent | -94.67668 |
| Fifty Two Week High | 678.44 |
| Fifty Two Week High Change | -646.65 |
| Fifty Two Week High Change Percent | -0.9531425 |
| Fifty Two Week Low | 16.59 |
| Fifty Two Week Low Change | 15.200001 |
| Fifty Two Week Low Change Percent | 0.91621464 |
| Fifty Two Week Range | 16.59 - 678.44 |
| First Trade Date Milliseconds | 1,746,192,600,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Defiance ETFs LLC |
| Fund Inception Date | 1,746,057,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-05-02 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by entering into derivatives transactions (i.e., swap agreements and options contracts) to gain long exposure to MicroStrategy Incorporated (“MSTR,” or the “Underlying Security”). The fund is non-diversified. |
| Long Name | Defiance Leveraged Long + Income MSTR ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1916111687 |
| Nav Price | 31.5806 |
| Net Assets | 19,929,436.0 |
| Net Expense Ratio | 1.31 |
| Open | 27.84 |
| Post Market Change | -1.0 |
| Post Market Change Percent | -3.1456432 |
| Post Market Price | 30.79 |
| Post Market Time | 1,776,470,174 |
| Previous Close | 26.24 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 5.55 |
| Regular Market Change Percent | 21.1509 |
| Regular Market Day High | 33.5939 |
| Regular Market Day Low | 27.84 |
| Regular Market Day Range | 27.84 - 33.5939 |
| Regular Market Open | 27.84 |
| Regular Market Previous Close | 26.24 |
| Regular Market Price | 31.79 |
| Regular Market Time | 1,776,456,001 |
| Regular Market Volume | 176,679 |
| Short Name | Defiance Leveraged Long + Incom |
| Source Interval | 15 |
| Symbol | MST |
| Total Assets | 19,929,436 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -39.74275 |
| Trailing Three Month Returns | -39.74275 |
| Triggerable | 1 |
| Two Hundred Day Average | 171.08 |
| Two Hundred Day Average Change | -139.29001 |
| Two Hundred Day Average Change Percent | -0.81418055 |
| Type Disp | ETF |
| Volume | 176,679 |
| Ytd Return | -39.74275 |