Company Name:: Direxion Daily Mid Cap Bull 3X Shares
Benchmark Index: S&P MidCap 400 Index
Ticker Symbol: MIDU
Types of Companies Included: A broad selection of U.S. mid-cap companies.
Daily Target: 3x
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns based on a multiplier. In the case of this ETF, the multiplier is 3x (300%). This means the ETF is seeking a daily target that triples the performance of the S&P MidCap 400 Index.
Leverage Risk: Leveraged ETFs are widely regarded as instruments for sophisticated investors only. Substantial losses can occur in a short period of time. Leveraged ETFs should only be used by experienced investors who understand leverage risk and are willing to monitor their positions.
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