Defiance Daily Technology Sector 2x Long ETF (SMCX)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
SMCX Chart
This 2x Super Micro ETF Just Soared 175% in One Month. The YTD Number Is Wilder.
If you put $10,000 into the Defiance Daily Target 2X Long SMCX ETF (NASDAQ:SMCX) on the morning of May 8, 2026, you were sitting on about $14,100 a month later.
SMCX Sank 67% in a Year While the Underlying Stock Rose 2%
A 2x daily leveraged ETF that owns nothing but swaps on a single AI server stock did what 2x daily leveraged ETFs on single AI server stocks do when the AI server trade breaks.
SMCX Could Go Parabolic Again if the AI Server Boom Still Has Another Leg
The math of a 2x daily reset leveraged ETF is unforgiving in a way that takes most investors a few painful months to fully appreciate.
Defiance Daily Technology Sector 2x Long ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CW Chung Wu Chung Wu Investment Group LLC | 700 | $6,244 | $5,292 | -$952 | -15.25% |
Defiance Daily Technology Sector 2x Long ETF (SMCX) FAQ
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Defiance Daily Technology Sector 2x Long ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund described operates as an actively managed exchange-traded fund (ETF) that primarily focuses on leveraging the daily movements of its underlying security. It seeks to provide investors with twice (200%) the daily percentage change of the share price of the underlying asset it tracks. This is achieved through the use of swap agreements related to the underlying security. The operational strategy involves taking on a higher level of risk by employing leverage, aiming to magnify the investment returns. It is important to note that this fund is non-diversified, meaning it may invest a larger portion of its assets in a smaller number of issuers than a diversified fund.
Products and Services
- Leveraged Exchange-Traded Fund (ETF)
This product seeks to deliver twice the daily performance of its underlying security. The fund employs the use of financial derivatives, specifically swap agreements, to achieve its investment objective. Leveraged ETFs are suitable for risk-tolerant investors who seek to potentially double their investment returns on the daily performance of the underlying asset. However, these investments are associated with higher volatility and risk, including the potential for significant losses. Investors are encouraged to thoroughly understand the risks and the operational mechanisms of leveraged ETFs before investing.
