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: