Direxion Daily Mid Cap Bull 3X Shares
MIDU
Market cap $103M

60.68 USD

-0.82

1.33%

At close Jan 22, 4:00 PM EST

After hours

60.56

-0.12

0.20%

1 day

-1.33%

5 days

5.00%

1 month

13.34%

3 months

9.29%

6 months

13.46%

Year to date

15.49%

1 year

39.49%

5 years

19.94%

10 years

204.77%

0

Funds holding %

of 6,823 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

250% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 2

45% more call options, than puts

Call options by funds: $846K | Put options by funds: $582K

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

7% more funds holding

Funds holding: 15 [Q2] → 16 (+1) [Q3]

3.3% more ownership

Funds ownership: 8.41% [Q2] → 11.71% (+3.3%) [Q3]

1% less capital invested

Capital invested by funds: $7.65M [Q2] → $7.55M (-$94.7K) [Q3]

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Research analyst outlook

We haven’t received any recent analyst ratings for MIDU.

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Financial journalist opinion

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.

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

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.

As Rate-Cutting Cycle Begins, Consider Trading Midcaps

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Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

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Navigating capital markets requires intangible tools like intuition, mental acuity, and even a bit of luck. Then comes the tangible tools to maximize profit, like leveraged ETFs, which can help traders in a variety of ways.

Large-Caps Still Ahead as Inflation Data Looms

In the past three months, large-caps have been ahead. The Direxion Daily S&P 500 Bull 3X Shares ETF (SPXL) pulled past the Direxion Daily Mid Cap Bull 3X Shares (MIDU) and the Direxion Daily Small Cap Bull 3X Shares (TNA).

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