- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Feb 11, 2010
- Business
- ProShares UltraPro MidCap400 (UMDD) is an exchange-traded fund (ETF) managed by ProShares that seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P MidCap 400 Index. The fund employs investment techniques such as swaps and futures contracts on the index, along with direct holdings in mid-cap U.S. equities from sectors including industrials, financials, information technology, and consumer discretionary; top holdings as of December 2025 include Comfort Systems USA Inc. (FIX), Ciena Corp. (CIEN), and Coherent Corp. (COHR). It offers quarterly distributions, options trading availability, and a net expense ratio of 0.95% with a contractual fee waiver through September 30, 2026.
Launched on February 9, 2010, UMDD forms part of ProShares' extensive lineup of leveraged and inverse ETFs, which pioneer strategies in geared equity exposure, dividend growth, high income, interest rate hedged bonds, and crypto-linked products. ProShares, headquartered in Bethesda, Maryland, operates globally with a focus on U.S. investors and manages over $95 billion in assets across ETFs and mutual funds.
Recent developments at ProShares include the announcement of forward and reverse share splits on 22 ETFs in November 2025 to improve trading accessibility, alongside the launch of its first interval fund in October 2025 offering at least 80% allocation to private equity strategies such as buyouts, growth, and secondaries. In September 2025, the firm strengthened its distribution capabilities 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 support financial advisors amid business expansion. No specific acquisitions, partnerships, or product launches directly impacted UMDD in the last 1-2 years, with the fund maintaining its core 3x leveraged mid-cap strategy.