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UMDD - ProShares UltraPro MidCap400

UMDD ETF Stock Chart

UMDD Profile

ProShares UltraPro MidCap400 logo

The Ultrapro MidCap 400 ProShares 3X ETF (UMDD) is an exchange-traded fund that seeks to provide three times the daily return of the S&P MidCap 400 Index. As a leveraged ETF, UMDD uses derivatives such as futures contracts, options, and swap agreements to achieve its investment objective.

UMDD aims to amplify the returns of the S&P MidCap 400 Index, which includes companies with market capitalizations ranging from $2 billion to $10 billion. The ETF is designed for investors seeking aggressive exposure to mid-cap U.S. stocks and who have a high tolerance for risk.

It's important to note that due to the nature of leveraged ETFs, their performance may deviate significantly from their underlying index over longer periods, especially during periods of high volatility. Additionally, leveraged ETFs are not designed to be held for extended periods, as the compounding effect of the daily resets can lead to underperformance compared to the underl


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