MIDU

Direxion Daily Mid Cap Bull 3X Shares

$47.02

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Direxion Daily Mid Cap Bull 3X Shares (MIDU) seeks to provide 3x the daily return of the S&P MidCap 400 Index, before fees and expenses.

Overview

ETF tracking Direxion Daily Mid Cap Bull 3X Shares

Category Leveraged

Issuer Other

Inception Date 2009-01-08

Market Cap $72.9M

Average Volume N/A

Dividend Yield 1.26%

52-Week Range $27.13 - $68.95

VWAP $46.54

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily Mid Cap Bull 3X Shares (MIDU) seeks to provide 3x the daily return of the S&P MidCap 400 Index, before fees and expenses.

🎯 Investment Strategy

MIDU is a leveraged ETF that uses derivatives and other financial instruments to amplify the daily performance of the underlying index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 3x the daily return of the S&P MidCap 400 Index
Utilizes leverage and derivatives to magnify index performance
Resets exposure daily, not designed for long-term holding
Relatively high expense ratio compared to non-leveraged funds

⚠️ Primary Risks

Significant daily volatility and potential for large losses
Leverage risk - magnifies both gains and losses
Compounding effect can lead to divergence from index over time
Not suitable for buy-and-hold investors, best for short-term trading

👤 Best For

MIDU is intended for experienced, sophisticated investors with a high risk tolerance who seek to make short-term, speculative trades on the performance of the mid-cap equity market. It is not recommended for long-term or buy-and-hold investing.