Daily Target 2X Long SMCI ETF
SMCX
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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 21, 2024
- Website
- defianceetfs.com
- Similar Companies
- Business
- Defiance Daily Target 2X Long SMCI ETF (SMCX) is an exchange-traded fund that seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of Super Micro Computer, Inc. (NASDAQ: SMCI), less fees and expenses; it achieves this exposure through derivatives such as swap agreements with counterparties including BMO, MS, Nomura, CS, Canaccord, and MAR, rather than direct investment in SMCI shares; collateral holdings include U.S. Treasury bills, government cash management funds, and cash equivalents. The fund, launched on August 21, 2024, and issued by Defiance ETFs (Miami, Florida), targets sophisticated investors comfortable with high-risk, short-term tactical trading due to leverage-related risks like volatility decay and compounding effects over periods longer than one day. In August 2024, Defiance ETFs introduced SMCX alongside AVGX, marking the first U.S.-listed leveraged single-stock ETFs providing 2x long exposure to Super Micro Computer; the firm has since expanded its SMCI-themed offerings with leveraged + income variants like SMCC in 2025 and a 2x short counterpart SMCZ earlier in the year. Super Micro Computer, the underlying security, develops high-performance servers and storage optimized for AI workloads including deep learning and machine learning; SMCX operates in the U.S. equity market, focusing on the technology sector for traders seeking amplified daily exposure to this volatile AI-enabling stock. As of late 2025, the fund manages approximately $187-$242 million in net assets with a 1.43% expense ratio and monthly distributions.