Daily Target 2X Long SMCI ETF (SMCX) Price
Daily Target 2X Long SMCI ETF Price
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Performance
Underlying
Daily Target 2X Long SMCI ETF provides 2X daily exposure to Super Micro Computer.
Leverage & Compounding Risk
This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.
ETF Holdings by Sector
| Sector | Distribution |
|---|---|
Cash & Others | 100 % |
ETF Holdings by Country
| Country | Distribution |
|---|---|
Other | 80.11 % |
 United States of America | 19.9 % |
Daily Target 2X Long SMCI ETF List of Holdings
| Company | Share |
|---|---|
SUPER MICRO COMPUTER INC SWAP MS | 33.48 % |
United States Treasury Bill 11/19/2026 | 33.16 % |
SUPER MICRO COMPUTER INC NOMURA | 27.84 % |
SUPER MICRO COMPUTER INC COM SWAP CS - L | 26.88 % |
SUPER MICRO COMPUTER INC SWAP MAR - L | 26.79 % |
SUPER MICRO COMPUTER SWAP JNST-L | 26.16 % |
SUPER MICRO COMPUTER INC COM SWAP CAN - L | 24.85 % |
SUPER MICRO COMPUTER INC SWAP NBC-L | 23.98 % |
SUPER MICRO COMPUTER INC SWAP BMO | 10.09 % |
First American Government Obligations Fund 12/01/2031 | 7.49 % |
BNY Dreyfus Government Cash Management 12/31/2031 | 0.00 % |
Frequently asked questions about Daily Target 2X Long SMCI ETF
Daily Target 2X Long SMCI ETF is offered by Defiance, a leading player in the field of passive investments.
The ISIN of Daily Target 2X Long SMCI ETF is US88636W2391.
Daily Target 2X Long SMCI ETF aims to deliver 2 times the daily return of Super Micro Computer (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because Daily Target 2X Long SMCI ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like Daily Target 2X Long SMCI ETF are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
Daily Target 2X Long SMCI ETF provides 2X daily long exposure to Super Micro Computer. When Super Micro Computer moves +1% in a day, Daily Target 2X Long SMCI ETF targets approximately 2% (before fees).
The total expense ratio of Daily Target 2X Long SMCI ETF is 1.32%, which means that investors pay 132.00 USD per 10,000 USD in investment capital annually.
The ETF is listed in USD.
European investors may incur additional costs for currency exchange and transaction fees.
No, Daily Target 2X Long SMCI ETF does not comply with the EU UCITS investor protection directives.
The ETF invests in various sectors, with focuses on Cash & Others.
Other has the largest stake in Daily Target 2X Long SMCI ETF.
The current average trading volume of Daily Target 2X Long SMCI ETF is 6.38 M.
Daily Target 2X Long SMCI ETF is domiciled in US.
The fund was launched on 8/21/2024.
The Daily Target 2X Long SMCI ETF mainly invests in Information technology companies.
The NAV of Daily Target 2X Long SMCI ETF amounts to 12.18 USD.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
Daily Target 2X Long SMCI ETF