Direxion Daily Mid Cap Bear 3X Shares (MIDZ) Research
This fund aims to provide daily investment returns that are three times the inverse (opposite) of the daily performance of the S&P MidCap 400 Index, prior to deducting fees and expenses. To achieve this, it typically allocates at least 80% of its net assets (plus any capital borrowed for investment) to financial tools such as swap agreements, futures contracts, or short selling. These instruments are utilized to create the desired inverse and leveraged exposure to the benchmark index. The S&P MidCap 400 Index itself tracks the market performance of 400 medium-sized companies based in the United States. It's important to note that this fund operates as a non-diversified investment.
Market snapshot
- Symbol
- MIDZ
- Price
- $74.33
- Day change
- +14.50%
- Market cap
- $6.9M
- 52-week range
- 38.16-138.14
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
Peer companies
- Alpha Architect Merlyn.AI Best-of-Breed Core Momentum ETF (BOB)
- Direxion Daily MSCI European Financials Bull 2X Shares (EUFL)
- Global Beta Smart Income ETF (GBDV)
- iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN (JJM)
- Invesco Russell 1000 Yield Factor ETF (OYLD)
- PortfolioPlus S&P Small Cap ETF (PPSC)
- ProShares RAFI Long/Short (RALS)
- Direxion MSCI Defensives Over Cyclicals ETF (RWDC)
Open Direxion Daily Mid Cap Bear 3X Shares (MIDZ) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.