ProShares - UltraShort MidCap400
MZZ
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
FRC
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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
- Jul 13, 2006
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraShort MidCap400 (MZZ), issued by ProShares Trust, seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the S&P MidCap 400 Index, providing leveraged short exposure to mid-capitalization U.S. equities; the fund employs financial instruments including swaps with major counterparties such as BNP Paribas, Bank of America, Citibank, and Societe Generale to achieve its objective. Launched on July 11, 2006, with ticker MZZ (CUSIP 74347G580), it features a net expense ratio of 0.95% (gross 0.82%, with waivers through September 30, 2026), quarterly distributions, and options trading availability; the fund targets sophisticated investors seeking short-term bearish positions on mid-cap stocks rather than long-term buy-and-hold strategies due to daily leverage reset and compounding effects. ProShares Trust, headquartered in Bethesda, Maryland, operates globally through its ETFs listed primarily on U.S. exchanges, serving institutional and retail investors focused on geared, inverse, dividend growth, high income, interest rate hedged bonds, and crypto-linked strategies. In recent developments, ProShares strengthened its distribution capabilities in September 2025 by hiring three regional vice presidents—Chad Brand for Southern California, Mike Hart for New York City and surrounding areas, and Matt Zorumski for Florida—to enhance client service amid business expansion; the firm surpassed $100 billion in assets under management in October 2025, opened a new New York office in Hudson Yards, and launched its first interval fund with private equity exposure in October 2025, underscoring ongoing innovation and growth.