# Defiance Leveraged Long + Income MSTR ETF (MST) — Overview

MST · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/mst

## Price

Last close $14.07 on Oct 15, 2026. 52-week range $6.59 – $198.24.

## Fund profile

MST is an actively managed fund that provides 1.5x to 2x leveraged exposure to the daily share price movement of the MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. The fund uses credit call spreads to generate income. The fund seeks long-term capital appreciation while also aiming for regular cash distributions.

| Metric | Value |
| --- | --- |
| Issuer | Tidal Investments LLC |
| Industry | Technology |
| Inception | May 1, 2025 |
| Assets under management | $26.7M |
| Expense ratio | 1.91% |
| Net asset value | $14.08 (as of Oct 15, 2026) |
| Distributions | Weekly |
| Leverage | 2x |

## Frequently Asked Questions

### What is Defiance Leveraged Long + Income MSTR ETF (MST)?

MST is an actively managed fund that provides 1.5x to 2x leveraged exposure to the daily share price movement of the MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. The fund uses credit call spreads to generate income.

### What is MST's expense ratio?

Defiance Leveraged Long + Income MSTR ETF charges an annual expense ratio of 1.91%. The fund is issued by Tidal Investments LLC.

### How large is MST?

Defiance Leveraged Long + Income MSTR ETF manages $26.7M in assets and has traded since May 1, 2025.

### How do I buy shares of Defiance Leveraged Long + Income MSTR ETF (MST)?

MST trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).