Direxion Daily Mid Cap Bull 3X ETF
MIDU
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Jan 8, 2009
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Mid Cap Bull 3X Shares (MIDU) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P MidCap 400 Index. The fund provides amplified exposure to mid-cap U.S. equities through financial instruments including swap agreements, futures contracts, options, and direct investments in securities of the underlying index; it employs a daily reset mechanism to achieve its 3x leverage target, making it suitable for sophisticated investors seeking short-term tactical opportunities rather than long-term holdings. MIDU operates within the leveraged and inverse ETF segment of the asset management industry, targeting institutional and retail traders focused on U.S. mid-cap stocks across diverse sectors such as industrials, financials, consumer discretionary, and information technology. Launched in 2006 by Direxion Investments, a brand under Rafferty Asset Management, LLC, headquartered in Rye Brook, New York, the fund trades on the NYSE Arca exchange and is available to investors globally through major brokerage platforms. In recent developments, Direxion expanded its leveraged ETF suite in 2024 with new 1.5x and 2x products tied to select indices, complementing MIDU's aggressive 3x offering amid heightened market volatility from interest rate shifts and economic uncertainty; additionally, Rafferty announced strategic enhancements to risk management protocols in mid-2025, incorporating advanced hedging techniques to mitigate tracking error in turbulent conditions. The fund maintains no subsidiaries but benefits from parent oversight by Rafferty, which manages approximately $30 billion in assets across its Direxion and related ETF platforms as of late 2025.