MIDZ

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

MIDZ Fund Description

MIDZ provides geared inverse (-3x) exposure to a market-cap-weighted index of 400 midcap companies

MIDZ Factset Analytics Insight

MIDZ provides daily geared inverse (-3x) exposure to the S&P MidCap 400 Index. It’s a direct competitor to ProShares’ SMDD, which tracks the same index with the same geared inverse factor. MIDZ charges 95 bps, the same as SMDD. Unlike its ProShares counterpart, MIDZ only holds index swaps. The underlying index comprises 400 US midcap companies in a variety of sectors. As such, MIDZ is a highly leveraged bet against the US midcap space. At less than $10M in AUM, MIDZ is comparable to SMDD, but it nonetheless carries a high closure risk. Its median volume and spreads are similar to those of SMDD. Note: Due to daily compounding, it’s unlikely to achieve its stated exposure and returns for longer than a 1-day period.

MIDZ Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MIDZ 2.02% -4.58% -42.56% -18.30% -30.06% -31.63% -40.17%
MIDZ (NAV) 2.25% -4.59% -42.33% -17.55% -30.03% -31.59% --
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.

MIDZ Summary Data

Direxion
01/08/09
Open-Ended Fund
1.09%
$3.22M
0.18%

MIDZ Portfolio Data

1.54%
12/23/19

MIDZ Index Data

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

MIDZ Fund Structure

Yes
No
No Policy
N/A
N/A
High
-3
Daily

MIDZ Tax Exposures

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

MIDZ 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 MIDZ. MIDZ is rated a N/A out of 5.

MIDZ Tradability

3,287
$179.90K
2,933
$155.50K
0.18%
$0.10
-0.07%
0.73% / -1.68%
None
0.00%
50,000
0.06
0.00%
--
286
$49.98
N/A