Direxion Daily Mid Cap Bull 3X Shares logo

Direxion Daily Mid Cap Bull 3X Shares (MIDU)

Market Closed
7 Jul, 20:00
ARCA ARCA
$
47. 38
-1.46
-2.99%
$
82.97M Market Cap
0.98% Div Yield
68,800 Volume
$ 48.84
Previous Close
Day Range
46.63 48.89
Year Range
25.3 70.24
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MIDU: Low Concentration And A Cyclical Tilt To Help Amid Robust US Growth

MIDU: Low Concentration And A Cyclical Tilt To Help Amid Robust US Growth

The Direxion Daily Mid Cap Bull 3X Shares ETF seeks to deliver 300% (3x) the return of the S&P MidCap 400 index. The S&P MidCap 400 index has a circa 65% allocation to cyclical sectors, most notably Industrials, a key benefit amid expectations for 2.7% US GDP growth by the IMF. The S&P MidCap 400 trades at a trailing earnings yield of almost 5% and does not suffer from an elevated concentration in just a few names.

Seekingalpha | 5 months ago
As Rate-Cutting Cycle Begins, Consider Trading Midcaps

As Rate-Cutting Cycle Begins, Consider Trading Midcaps

With large-caps getting most of 2024's attention, traders may be overlooking one area that could offer opportunities. In the Fed's rate-cutting cycle, traders may also want to pay attention to midcaps.

Etftrends | 9 months ago