Vmbook Online ordering
Direxion Daily Mid Cap Bear 3x Shares
Direxion Daily Mid Cap Bear 3x Shares is a publicly traded exchange-traded fund (ETF) listed on the New York Stock Exchange (NYSE) under the ticker symbol "MIDZ". The fund is designed to provide inverse exposure to the mid-cap equity market, meaning that it aims to perform in the opposite direction of the market. The fund's investment objective is to provide a daily performance that is 300% of the inverse of the daily performance of the S&P MidCap 400 Index.
Here are some key details about Direxion Daily Mid Cap Bear 3x Shares:
1. Inception Date: March 25, 2010
2. Asset Manager: Direxion Investments
3. Benchmark: S&P MidCap 400 Index
4. Investment Strategy: The fund uses various financial instruments, such as swaps, futures, and options, to gain inverse exposure to the mid-cap equity market.
5. Leverage: 3x leveraged exposure to the inverse of the S&P MidCap 400 Index
6. Expenses: The fund's expense ratio is 1.18% per annum.
7. Average Volume: The average trading volume of MIDZ shares is around 400,000.
8. Market Capitalization: The fund's market capitalization is around $3.7 billion.
9. Yield: The fund does not pay any dividends.
10. Index Replication: The fund replicates the S&P MidCap 400 Index, which is a widely followed benchmark for mid-cap stocks in the US equity market.
11. Sector Exposure: The fund's holding are diversified across various sectors, with Technology, Healthcare, and Finance being the top three sectors in terms of allocation.
12. Top Holdings: The fund's top holdings include Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. (Google), and Facebook Inc.
It's important to note that inverse ETFs like MIDZ are designed for short-term trading and are not suitable for long-term investing. They are intended for sophisticated investors who understand the risks and complexities of these products. It's essential to thoroughly research and understand the fund's investment strategy, risks, and costs before making an investment decision.