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Spdr Sp 400 Mid Cap Growth Etf

I am not a stock trading expert, but I can provide you with some general information about the ETF you mentioned. The stock symbol MIDY is for the Global X MSCI Nigeria ETF, which aims to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Nigeria IMI 25/50 Index. This is an index composed of large-, mid- and small-capitalization companies located in Nigeria, which is the most populous country in Africa and is rich in natural resources.

Regarding its performance, the ETF has not had a strong history of growth or earnings. It has had negative returns for the last 3 years, with a YTD return of -14.08% as of 4/20/2021. The ETF has a small market capitalization of 39.12M and a low average daily trading volume of about 7,500 shares.

Moreover, it's crucial to note that investing in this ETF carries a high level of risk due to political, economic, and currency factors. Nigeria's economy is heavily dependent on its oil industry, and it's vulnerable to fluctuations in global oil prices and foreign currency reserves. Additionally, investing in Nigerian companies may carry the additional risks of less transparent and less developed capital and legal systems.

Therefore, it's essential to conduct thorough research and consult with a financial advisor before making any investment decision. This summary is not intended to provide investment advice or recommendations.