SMST uses swap agreements to make bearish bets on MicroStrategy Incorporated's (NYSE: MSTR) share price. MSTR was originally known for its enterprise analytics software. It has then pivoted to include acquiring and holding Bitcoin (BTC) as another operational business. The fund maintains a daily leveraged exposure equivalent to -200% of the fund's net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if MSTR's performance strengthens. The fund is expected to invest in cash-like instruments as collateral. Following October 29, 2024, the fund adjusted its leverage ratio from 1.5x to 2x.

Employees - 780, CEO - H. Michael Schwartz, Sector - Financial Services, Country - US, Market Cap -

Altman ZScore(max is 10): 0.03, Piotroski Score(max is 10): 5, Working Capital: $38185000, Total Assets: $2437872000, Retained Earnings: $-173585000, EBIT: -7909000, Total Liabilities: $1178856000, Revenue: $306462000

- Current Price $ - Analyst Target Price $