Daily Target 2X Short SMCI ETF
SMCZ
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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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
- Apr 1, 2025
- Similar Companies
- Business
- Defiance Daily Target 2X Short SMCI ETF (SMCZ) is an exchange-traded fund that seeks daily investment results corresponding to two times the inverse (-200%) of the daily percentage change in the share price of Super Micro Computer, Inc. (NASDAQ: SMCI), utilizing swap agreements, cash equivalents, and U.S. Treasury securities; it does not invest directly in SMCI shares. The fund, managed actively by Tidal Investments LLC with portfolio managers including Stephen Foy, Christopher Mullen, and Qiao Duan, targets sophisticated traders seeking leveraged short exposure to SMCI—a provider of high-performance servers and storage solutions for AI workloads—without requiring a margin account. Launched on March 31, 2025, and listed on NASDAQ, SMCZ operates from the United States with assets under management of approximately $13-17 million and a net expense ratio of 1.29%. Defiance ETFs, the ETF sponsor founded in 2018 and based in Miami, Florida, introduced SMCZ on April 1, 2025, as part of its lineup of thematic, income, and leveraged single-stock ETFs. Recent major changes include a one-for-eight reverse stock split effective in November 2025, announced by Tidal Financial Group and Defiance ETFs for select leveraged funds to maintain share price viability amid volatility. The fund has experienced significant performance fluctuations, with year-to-date declines exceeding 80% as of late 2025, reflecting its high-risk daily reset mechanism and exposure to SMCI's market movements. No recent partnerships, acquisitions, funding rounds, or new product launches specific to SMCZ have been reported beyond its initial rollout.