---
ticker: "SMST"
name: "Defiance Daily Target 2x Short MSTR ETF"
url: "https://etf.net/etf/SMST"
grade: "B"
score: 64
graded_at: "2026-10-12"
category: "Single-Stock Inverse"
category_rank: "19 of 58"
methodology: "https://etf.net/methodology"
---

# SMST: Defiance Daily Target 2x Short MSTR ETF

Grade **B**, Score 64 of 100. Rank 19 of 58 in Single-Stock Inverse.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 54 | 27 of 58 |
| Mission | 98 | 6 of 32 |
| Risk | 50 | 21 of 52 |
| Tradability | 46 | 30 of 58 |
| Holdings | Not scored | — |
| Durability | 58 | 19 of 58 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash & Other | 232.10% |
| 2 | — | United States Treasury Bill 11/19/2026 | 65.23% |
| 3 | — | First American Government Obligations Fund 12/01/2031 | 2.74% |

Source: etf.net, https://etf.net/etf/SMST. Please cite the page URL.