Daily Target 2X Long MSTR ETF
MSTX
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 4350 La Jolla Village Drive, Suite 670 San Diego CA United States of America 92122
- IPO Date
- Aug 15, 2024
- CIK
- 0001160308
- Website
- defianceetfs.com
- Similar Companies
- Business
- Defiance Daily Target 2X Long MSTR ETF (MSTX) is an exchange-traded fund that seeks daily leveraged investment results corresponding to two times (200%) the daily percentage change in the share price of MicroStrategy Incorporated (Nasdaq: MSTR), utilizing derivatives such as swaps with counterparties including Strategy Inc., Clearstreet, Marex, and Cantor; United States Treasury Bills; and cash management funds including Dreyfus Government Cash Management and First American Government Obligations Fund. Issued by Defiance ETFs, founded in 2018 and headquartered in Miami, Florida, the fund targets sophisticated investors seeking amplified exposure to MicroStrategy, a provider of enterprise analytics software and a major corporate holder of Bitcoin, without the need for margin accounts. MSTX trades on the Nasdaq Global Select Market and features a management fee of 1.29%, with recent distributions including a short-term capital gains payout of $14.43 per share on January 3, 2025. Launched on August 14, 2024, as the first leveraged single-stock ETF providing long exposure to MicroStrategy in the U.S., MSTX rapidly grew assets under management, surpassing $100 million, $200 million, $400 million, and reaching approximately $700 million by late 2025. In October 2024, Defiance ETFs increased the fund's leverage from 1.75X to 2X daily targeted exposure in response to strong investor demand and competitive dynamics, enhancing its appeal for traders capitalizing on MicroStrategy's Bitcoin-driven volatility. The ETF issuer has since expanded its leveraged single-stock offerings with new launches including the Defiance Daily Target 2X Long VST ETF (VSTL) in July 2025 and the Defiance Daily Target 2X Short Oklo ETF (OKLS) in November 2025, alongside updates to 2024 distributions for MSTX and other funds in January 2025.