MYYProShares Short MidCap400
MYY Fund Description
MYY provides inverse exposure to a market-cap weighted index of 400 companies with market caps between $517.9M and $13.4B.
MYY Factset Analytics Insight
MYY provides daily inverse (-1x) exposure to the S&P MidCap 400 Index. It charges 95 bps for holding index swaps and futures. The underlying index comprises 400 US midcap companies in a variety of sectors, making MYY a bet against US midcap stocks. ProShares also offers two other more leveraged versions of MYY: MZZ (-2x) and SMDD (-3x). MYY is by far the most popular fund in the segment, boasting over $100M in AUM. Despite being the most liquid fund in the segment, MYY’s liquidity leaves a lot to be desired, especially for a fund designed for active trading. While not great, MYY is probably the best vehicle to bet against the US midcap space.
MYY Charts And Performance
MYY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MYY. MYY is rated a N/A out of 5.