Key stats
About Defiance Daily Target 2X Short AMD ETF
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Inception date
Nov 13, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636W6194
DAMD uses swap agreements to make bearish bets on Advanced Micro Devices, Inc.'s (Nasdaq: AMD) share price. AMD is a global semiconductor company that designs high-performance processors, graphics solutions, and adaptive computing technologies for consumer and enterprise markets. 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 AMD's performance strengthens. The fund is expected to invest in cash-like instruments as collateral.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash85.76%
Mutual fund14.24%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DAMD assets under management is 2.19 M USD. It's risen 125.40% over the last month.
DAMD fund flows account for 1.68 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, DAMD doesn't pay dividends to its holders.
DAMD shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Nov 13, 2025, and its management style is Active.
DAMD expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
DAMD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DAMD invests in cash.
DAMD trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.