Name of ETF: Direxion Daily Mid Cap Bear 3x Shares
Benchmark Index: S&P MidCap 400 Index
Ticker Symbol: MIDZ
Types of Companies Included: A broad selection of U.S. mid-cap companies.
Daily Target: -3x
Short ETF: This ETF attempts to produce investment results in the opposite direction of the index. If the S&P MidCap 400 Index goes up, the ETF is designed to go down. If the S&P MidCap 400 Index goes down, the ETF is designed to go up.
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns above the daily benchmark index results based on a multiplier. In the case of this ETF, the multiplier is -3x meaning the ETF is attempting to achieve 300% of the opposite performance of the benchmark 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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