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ProShares UltraPro Short Mid-Cap 400 Fund

Name of ETF: ProShares UltraPro Short Mid-Cap 400 Fund

Benchmark Index: S&P MidCap 400 Index

Ticker Symbol: SMDD

Approximate Number of Stocks in this ETF: 400

Types of Companies Included in this ETF: A broad selection of U.S. mid-sized 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 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 inverse (opposite) performance of the S&P MidCap 400 Index.

Related Links:

ProShares Website