MVVProShares Ultra MidCap400
MVV Fund Description
MVV provides daily 2x leveraged exposure to a market-cap weighted index of 400 companies with market caps between $517.9M and $13.4B.
MVV Factset Analytics Insight
MVV provides a geared bet (2x) on the S&P MidCap 400 Index. It's the only 2x leveraged ETF covering the index, making it the only game in town for this brand of exposure. It is not designed to be held for more than a day, and it's unlikely to achieve its stated exposure and returns for longer than a 1-day period. MVV has substantial AUM (punctuated by massive inflows and outflows), enough to provide a robust market for its shares. The fund has decent volume and tight spreads, making its utility as a trading tool high. Likewise, though its fee is high and in keeping with most leveraged funds, most investors won't be incurring significant holding costs given the short-term nature of the fund.
MVV Charts And Performance
MVV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MVV. MVV is rated a N/A out of 5.