MIDUDirexion Daily Mid Cap Bull 3x Shares
MIDU Fund Description
MIDU provides 3x leveraged exposure to a market cap-weighted index of US midcap companies.
MIDU Factset Analytics Insight
MIDU promises daily leveraged (3x) exposure to the S&P 400 MidCap Index by holding swaps on the index and the SPDR S&P MidCap 400 ETF (MDY). MIDU is a tactical tool. Due to daily compounding, it's unlikely to achieve its headline exposure for longer than a 1-day holding period. Since MIDU is designed for tactical use, liquidity is of paramount importance, while its high fee is both standard for the leveraged space and of lesser significance. The fund has adequate liquidity with modest spreads—nowhere near the powerhouse geared funds but much more than some "zombie" geared products. Also compare with direct competitor, ProShares' UltraPro MidCap 400 ETF (UMDD).
MIDU Charts And Performance
MIDU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MIDU. MIDU is rated a N/A out of 5.