Trade the Equities Sweet Spot with Mid Caps, 'MIDU'
Leverage-hungry traders can position themselves between cap stability and small-cap momentum Direxion Daily Mid Cap Bull 3X-Shares (MIDU) . MIDU aims for daily investment results before fees and expenses of 300% of the daily performance of the S&P MidCap 400 Index. The Fund invests under normal circumstances at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments such as swap agreements and securities in the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure in the index or in ETFs that track the index. The index measures the performance of 400 medium-sized companies in the USA. With the added leverage, MIDU has made huge profits, up 63% since the start of the year. Even without leverage, the S&P 400 index, which is focused on mid caps, rose by 19%. Both domestic and international investors could be noted. "Foreign investors are actively involved in US stock markets, but like t...