MILWAUKEE, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Tidal Investments LLC (“Tidal”) announces that the Defiance Daily Target 2X Short SMCI ETF, (Ticker: SMCZ) was halted to allow Tidal to evaluate the accuracy of the SMCZ Net Asset Values per share (NAVs) published for January 7, 2026. Tidal determined the NAV for SMCZ required to be restated from $ 52.1477 per share to $ 54.1535 per share. ...

Core Viewpoint - The ongoing feud between President Trump and Tesla CEO Elon Musk has created significant market volatility, unsettling investors and impacting Tesla's stock performance [1][4]. Government Support at Risk - Trump expressed disappointment in Musk, questioning his motives regarding the economic bill, and suggested potential revocation of federal subsidies and contracts benefiting Musk's companies, including Tesla and SpaceX [2][3]. - Musk responded by considering decommissioning SpaceX's Dragon spacecraft and endorsing Trump's impeachment, marking a shift from his previous supportive stance [3]. Market Reactions - The feud has added volatility to markets already facing global trade concerns and mixed economic data, leading to a downturn in investor sentiment [4]. - Tesla shares fell by 14.3% on June 5, 2025, amid the escalating conflict [6]. ETF Performance - Despite the political drama, certain exchange-traded funds (ETFs) showed gains on June 5: - T-REX 2X Inverse Tesla Daily Target ETF (TSLZ) increased by 30% - Tradr 2X Short TSLA Daily ETF (TSLQ) rose by 29.5% [6]. - Inverse leveraged ETFs related to cryptocurrency also saw gains, with Defiance Daily Target 2X Short SMCI ETF (SMCZ) and GraniteShares 1x Short COIN Daily ETF (CONI) both up by 12.4% [7]. Sector Highlights - Silver prices surged by 6.9%, driven by industrial demand and the AI boom, which is expected to further increase prices due to the metal's use in high-performance GPUs [8]. - South Korean stocks rose by 6.3%, primarily due to a 50.9% year-over-year increase in semiconductor exports, indicating strong global demand for memory chips [10]. - Leveraged semiconductor ETFs, such as GraniteShares 2x Long MU Daily ETF (MULL), gained 6.7% following Mizuho's raised price target on Micron (MU) stock, driven by growing sales of high-bandwidth memory for AI applications [11].