MIDU

Direxion Daily Mid Cap Bull 3x Shares
*Unless otherwise stated, data provided by FactSet.

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

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MIDU -3.74% -2.62% 47.60% -6.68% 19.66% 18.58% 25.73%
MIDU (NAV) -3.82% -2.66% 47.23% -6.69% 19.70% 18.60% --
S&P Mid Cap 400 -0.94% 0.50% 18.13% 3.10% 10.26% 9.72% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MIDU Summary Data

Direxion
01/08/09
Open-Ended Fund
1.06%
$44.22M
0.15%

MIDU Portfolio Data

0.83%
12/23/19

MIDU Index Data

S&P Mid Cap 400
Market Cap
Committee
N/A

MIDU Fund Structure

Yes
No
No Policy
N/A
N/A
Medium
3
Daily

MIDU Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

MIDU Factset Analytics Block Liquidity

As of 10/18/19
5
4
3
2
1

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.

MIDU Tradability

27,703
$1.07M
22,302
$893.61K
0.15%
$0.06
0.00%
0.33% / -0.33%
None
0.00%
50,000
0.45
0.06%
--
308
$41.21
N/A