MIDU Direxion Mid Cap Bull 3x Shares ETF

Seeks daily investment results before fees and expenses of 300% of the price performance of the S&P Midcap 400 Index. MIDU will typically own shares in IJH, the iShares Core S&P Midcap ETF, but it will achieve its leverage factor of 3.00 using swaps and other derivates. Because the swaps and derivatives allow the fund to achieve its required leverage without using all of its cash, the fund will also typically have large amounts of excess cash invested in short-term investments.The Index is a capitalization-weighted index made up of 400 mid capitalization stocks selected by a committee at S&P. The committee considers various factors when determining the 400 stocks that are included in the index, including market size, liquidity and industry grouping.

$31.89  -0.41 (-1.27%)
As of 03/23/2023 16:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     Direxion Funds
Category1:  US Equity
Category2:  Broad market
Category3:  Mid cap
Morningstar category:  Trading--Leveraged Equity
Leverage factor:  3.00
Inception date:  01/08/2009
Index tracking method: Passive replication
Current yield:  0.12%
Historical average yield:  2.42%
Market cap:  $41,461,209
Average volume:  35,681
Fees:     1.0800%

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Index Information

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S&P MidCap 400 Index
Index symbol:  MID
Provider:   S&P Dow Jones
Index weighting:   Market capitalization
Index inception date:  06/19/1991
Backtesting data exists:   No
Number of holdings:  400
Strategy:  Passive market cap indexing