Direxion Daily Mid Cap Bear 3X Shares (MIDZ) ETF Holdings & Analysis

What MIDZ does

This fund aims to provide daily investment returns that are three times the inverse (opposite) of the daily performance of the S&P MidCap 400 Index, prior to deducting fees and expenses. To achieve this, it typically allocates at least 80% of its net assets (plus any capital borrowed for investment) to financial tools such as swap agreements, futures contracts, or short selling. These instruments are utilized to create the desired inverse and leveraged exposure to the benchmark index. The S&P MidCap 400 Index itself tracks the market performance of 400 medium-sized companies based in the United States. It's important to note that this fund operates as a non-diversified investment.

Fund profile

PortView Portfolio Insights

PortView analyzes how MIDZ fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

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Frequently asked questions

What does MIDZ track?

MIDZ is the Direxion Daily Mid Cap Bear 3X Shares, a Other ETF.

What is the expense ratio of MIDZ?

Expense ratio data for MIDZ is shown on the page when available from our data provider.

What are the largest holdings in MIDZ?

MIDZ's top holdings are listed on this page when available.

How can PortView analyze MIDZ overlap with other ETFs?

PortView computes the holdings overlap between MIDZ and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.