Direxion Daily Mid Cap Bear 3X Shares
MIDZ
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
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- Jan 8, 2009
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Daily Mid Cap Bear 3X Shares (MIDZ) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the inverse (or opposite) of the daily performance of the S&P MidCap 400 Index, a market-cap-weighted index comprising approximately 400 mid-cap U.S. companies; the fund achieves its leveraged inverse exposure primarily through investments in derivatives such as swaps and futures contracts, along with short positions in the underlying index securities or related financial instruments. MIDZ forms part of the broader portfolio of leveraged and inverse ETFs offered by Direxion Shares ETF Trust, a Delaware statutory trust managed by Rafferty Asset Management, LLC, which provides daily trading tools for investors seeking amplified short-term exposure to various equity sectors, indices, and single stocks; the ETF targets sophisticated traders and institutional investors focused on directional market bets rather than long-term buy-and-hold strategies. Launched on January 9, 2009, MIDZ trades on the NYSE Arca exchange and operates within the U.S. financial markets, with Direxion's headquarters located at 1301 Avenue of the Americas, 28th Floor, New York, New York. In recent developments, Direxion has continued to evolve its ETF lineup amid market dynamics, including the announcement in October 2025 of the liquidation and closure of three underperforming leveraged and inverse ETFs due to insufficient assets under management, though MIDZ was not among those affected; the firm has also executed reverse share splits on select peer products such as the Direxion Daily Gold Miners Index Bear 2X Shares (DUST), Daily Technology Bear 3X Shares (TECS), and others in 2024 to maintain share price viability and attract institutional liquidity. Additionally, Direxion expanded its single-stock leveraged and inverse ETF offerings throughout 2025, launching funds targeting companies like Ford (F), Boeing (BA), Exxon Mobil (XOM), and AMD, alongside appointing Mo Sparks as Chief Product Officer in April 2025 to bolster product strategy; these moves reflect ongoing portfolio optimization and innovation in response to trader demand for precise, high-conviction exposure tools. No specific acquisitions, funding rounds, or name changes directly impacting MIDZ have been reported in the last 1-2 years, underscoring the ETF's stable positioning within Direxion's approximately 50 active leveraged and inverse funds focused on U.S. and global markets.