Key stats
About Direxion Mid Cap Bull 3X Shares
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Inception date
Jan 8, 2009
Structure
Open-Ended Fund
Replication method
Synthetic
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
MIDU aims to provide daily leveraged 3x exposure to the S&P 400 Midcap Index. The fund most commonly invests in swap agreements and futures contracts which are intended to produce economically-leveraged investment results. MIDU is a tactical tool and will attempt to achieve its investment objective without regard to overall market movement. As a levered product, MIDU presents different risks than other types of funds and is thus not a buy-and-hold investment. It should not be expected to provide index leverage returns greater than a one-day period.
Classification
What's in the fund
Exposure type
Finance
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.