Symbols

MIDU

Direxion Daily Mid Cap Bull 3x Shares·NYSE

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Key Stats

Assets Under Management

86.18MUSD

Fund Flows (1Y)

-17.11MUSD

Dividend Yield

0.82%

Discount/Premium to NAV

-0.07%

Shares Outstanding

1.35M

Expense Ratio

0.99%

About Direxion Daily Mid Cap Bull 3x Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-mid-cap-bull-3x-etf

Inception Date

Jan 8, 2009

Structure

Open-Ended Fund

Index Tracked

S&P MidCap 400 Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Rafferty Asset Management LLC

Distributor

Foreside Fund Services LLC

MIDU aims to provide daily leveraged 3x exposure to the S&P 400 Midcap Index. The fund most commonly invests in swap agreements and futures contracts which are intended to produce economically-leveraged investment results. MIDU is a tactical tool and will attempt to achieve its investment objective without regard to overall market movement. As a levered product, MIDU presents different risks than other types of funds and is thus not a buy-and-hold investment. It should not be expected to provide index leverage returns greater than a one-day period.