SMDD

ProShares UltraPro Short MidCap400
*Unless otherwise stated, data provided by FactSet.

SMDD Fund Description

SMDD provides geared inverse (-3x) exposure to a market-cap-weighted index of 400 companies with market caps between $517.9M and $13.4B.

SMDD Factset Analytics Insight

SMDD provides daily geared inverse (-3x) exposure to the S&P MidCap 400 Index. It is a direct competitor to Direxion’s MIDZ. It charges 95 bps for holding index swaps and futures, as well as swaps on the SPDR S&P MidCap 400 ETF (MDY). The underlying index comprises 400 US midcap companies in a variety of sectors. As such, SMDD is a highly leveraged bet against the US midcap space. It’s the most leveraged member of the ProShares MidCap inverse ETF lineup. With very low AUM, SMDD is the least popular in the lineup and carries a high closure risk. However, it has the tightest average spread, despite having low median daily volume. The liquidity is not sufficient to accommodate aggressive trading, which is the original intent of the fund.

SMDD CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SMDD -8.07% -0.99% -41.65% -7.74% -29.46% -29.13% --
SMDD (NAV) -6.00% -0.74% -39.93% -3.98% -28.85% -29.24% --
S&P Mid Cap 400 2.11% -0.14% 17.54% -1.23% 9.61% 8.51% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SMDD Summary Data

ProShares
02/11/10
Open-Ended Fund
0.95%
$2.48M
0.21%

SMDD Portfolio Data

0.87%
09/25/19

SMDD Index Data

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

SMDD Fund Structure

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

SMDD Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

SMDD Factset Analytics Block Liquidity

As of 07/18/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SMDD. SMDD is rated a N/A out of 5.

SMDD Tradability

10,928
$95.95K
7,513
$63.51K
0.21%
$0.02
0.00%
3.17% / -4.60%
None
0.00%
50,000
0.15
0.06%
--
69
$7.95
N/A