MZZ
ProShares UltraShort MidCap400
📎 Investment Objective
The ProShares UltraShort MidCap400 ETF (MZZ) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the S&P MidCap 400 Index.
Overview
ETF tracking ProShares UltraShort MidCap400
Performance
Price Chart
Investment Summary
📎 Investment Objective
The ProShares UltraShort MidCap400 ETF (MZZ) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the S&P MidCap 400 Index.
🎯 Investment Strategy
The fund uses a combination of financial instruments, such as futures contracts and swap agreements, to achieve its investment objective. It aims to generate returns that are twice the inverse of the daily performance of the underlying index.
✨ Key Features
- Seeks to provide daily investment results that correspond to twice the inverse (-2x) of the S&P MidCap 400 Index
- Utilizes a variety of financial instruments, including futures contracts and swap agreements, to achieve its investment objective
- Designed for investors seeking to hedge or profit from a decline in the mid-cap equity market
- Highly leveraged, which can magnify both gains and losses
⚠️ Primary Risks
- Leveraged and inverse ETFs can be volatile and may not perform as expected over periods longer than a single day
- Tracking error risk, as the fund may not perfectly track the underlying index
- Counterparty risk associated with the use of derivatives
- Liquidity risk, as the fund may have difficulty trading certain securities or instruments at an advantageous time or price
👤 Best For
This ETF is best suited for experienced, sophisticated investors who understand the risks of leveraged and inverse funds and are seeking to hedge or speculate on the performance of the mid-cap equity market. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.