ProShares - Ultra MidCap400
MVV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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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
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jun 21, 2006
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra MidCap400 (MVV) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the daily performance of the S&P MidCap 400 Index. The fund invests principally in derivatives such as swap agreements with major global financial institutions, futures contracts on the S&P MidCap 400 Index, and equity securities including common stocks of mid-cap U.S. companies; it also holds money market instruments like U.S. Treasury bills and repurchase agreements for cash management. Launched on June 19, 2006, with a net expense ratio of 0.95% (after waivers through September 30, 2026), MVV trades on NYSE Arca and pays quarterly distributions, providing leveraged exposure to approximately 400 U.S. mid-cap companies across diversified sectors including industrials, financials, and consumer discretionary. MVV obtains its leverage primarily through total return swaps with counterparties including Goldman Sachs International, Societe Generale, UBS AG, BNP Paribas, Bank of America, and Citibank; S&P MidCap 400 E-mini futures; and direct holdings in leading mid-cap stocks such as Comfort Systems USA Inc. (FIX), Ciena Corp. (CIEN), Coherent Corp. (COHR), Flex Ltd. (FLEX), and Lumentum Holdings Inc. (LITE). The fund targets investors seeking amplified daily returns from the S&P MidCap 400, which measures mid-cap companies with market capitalizations typically between $6.7 billion and $18 billion, rebalanced quarterly with additional adjustments in March, June, and December. Geographic operations are focused on U.S. public equity markets, with no international exposure beyond derivative counterparties. Managed by ProShare Advisors LLC, a subsidiary of ProShares headquartered at 7272 Wisconsin Avenue, Bethesda, Maryland (founded in 1999), MVV forms part of ProShares' extensive lineup of over 150 leveraged and inverse ETFs managing more than $95 billion in assets. In 2025, ProShares strengthened distribution capabilities by hiring three Regional Vice Presidents—Chad Brand, Mike Hart, and Matt Zorumski—to expand ETF outreach. The firm launched innovative products including the first ETF targeting 2x daily returns of the S&P 500 Equal Weight Index (August 27, 2025), Nasdaq-100 Top 30 Index (August 15, 2025), Circle Internet Group single-stock (August 7, 2025), and a suite of Dynamic Buffer ETFs adapting to expected volatility (June 2025). These developments enhance ProShares' leadership in tactical ETF strategies amid growing demand for geared exposure.