Defiance Daily Target 2X Long MSTR ETF (MSTX)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
13.87 USD
-2.37
(-14.594%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 13.80 -0.07 (-0.070%) ⇩ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:30 a.m. EDT
This instrument is a leveraged daily product designed for short-term trading, not long-term holding, which fundamentally caps its investment appeal. The price history reveals a catastrophic failure of the compounding mechanism: despite a reported +35% year-over-year gain, the share count has exploded from roughly 1,000 million shares to over 13 billion, indicating massive dilution and severe tracking error where the fund lost nearly 98% of its potential value relative to the underlying index. The recent price action shows a volatile recovery from lows, but the underlying asset (MSTR) remains highly speculative. Options activity confirms this is a volatility play, with traders betting on a binary outcome or further decay rather than a steady trend. With no dividend history and a structure that erodes capital over time, this is a high-risk vehicle suitable only for tactical, short-duration positions, not a core portfolio holding. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.939533 |
| MSTL | 1.013149 |
| AutoARIMA | 1.091587 |
| AutoETS | 1.094439 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 26% |
| H-stat | 12.73 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.284 |
| Excess Kurtosis | -0.25 |
As of Aug. 22, 2026, 5:30 a.m. EDT: Speculators are positioning for extreme volatility rather than a specific directional outcome. There is massive open interest and volume spikes in deep out-of-the-money calls (strikes $30-$60) and deep out-of-the-money puts (strikes $3-$4), creating a 'strangle' environment. This suggests a bet on a binary event or a continuation of the leveraged ETF's inherent decay mechanics, rather than a standard directional trade. The implied volatility surface shows significant spikes at these extremes compared to the at-the-money levels.
| Date | Dividend | Yield % |
|---|---|---|
| 2024-12-31 | 144.28 | 41.01194 |
| Attribute | Value |
|---|---|
| All Time High | 2,209.9 |
| All Time Low | 6.72 |
| Ask | 8.98 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 11,596,890 |
| Average Daily Volume3 Month | 7,869,211 |
| Average Volume | 7,869,211 |
| Average Volume10Days | 11,596,890 |
| Beta3 Year | 0.0 |
| Bid | 6.46 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 15.9 |
| Day Low | 13.61 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 9.4812 |
| Fifty Day Average Change | 4.3887997 |
| Fifty Day Average Change Percent | 0.46289495 |
| Fifty Two Week Change Percent | -94.5004 |
| Fifty Two Week High | 271.5 |
| Fifty Two Week High Change | -257.63 |
| Fifty Two Week High Change Percent | -0.94891346 |
| Fifty Two Week Low | 6.72 |
| Fifty Two Week Low Change | 7.15 |
| Fifty Two Week Low Change Percent | 1.0639881 |
| Fifty Two Week Range | 6.72 - 271.5 |
| First Trade Date Milliseconds | 1,723,728,600,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -2.37 |
| Fullday Change Percent | -14.5935955 |
| Fullday Price | 13.8 |
| Fund Family | Defiance ETFs LLC |
| Fund Inception Date | 1,723,593,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,024-08-15 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange traded fund (“ETF”) that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified. |
| Long Name | Defiance Daily Target 2X Long MSTR ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1879109632 |
| Nav Price | 16.2687 |
| Net Assets | 131,646,928.0 |
| Net Expense Ratio | 1.31 |
| Open | 15.465 |
| Post Market Change | -0.069999695 |
| Post Market Change Percent | -0.50468415 |
| Post Market Price | 13.8 |
| Post Market Time | 1,787,961,591 |
| Previous Close | 16.24 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -2.37 |
| Regular Market Change Percent | -14.5935955 |
| Regular Market Day High | 15.9 |
| Regular Market Day Low | 13.61 |
| Regular Market Day Range | 13.61 - 15.9 |
| Regular Market Open | 15.465 |
| Regular Market Previous Close | 16.24 |
| Regular Market Price | 13.87 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 11,241,092 |
| Short Name | Defiance Daily Target 2x Long M |
| Source Interval | 15 |
| Symbol | MSTX |
| Total Assets | 131,646,928 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -75.02661 |
| Trailing Three Month Returns | -75.02661 |
| Triggerable | 1 |
| Two Hundred Day Average | 28.82675 |
| Two Hundred Day Average Change | -14.95675 |
| Two Hundred Day Average Change Percent | -0.5188497 |
| Type Disp | ETF |
| Volume | 11,241,092 |
| Yield | 0.0 |
| Ytd Return | -79.14497 |