Seeks daily investment results before fees and expenses of 200% of the inverse price performance of the S&P Midcap 400 Index. MYY will achieve its inverse 200% performance using swaps and other derivatives. Because the swaps and derivatives allow the fund to achieve its required inverse leveraged performance 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.
$15.00 -0.04 (-0.28%)
As of 01/26/2023 09:50:14 EST IEX book CBOE book
2022 © Stock Market MBA, Inc.