MVV

About MVV

The ProShares Ultra MidCap 400 ETF (MVV) is a leveraged exchange-traded fund managed by ProShares that seeks daily investment results, before fees and expenses, equal to two times (2x) the daily performance of the S&P MidCap 400 Index. The fund offers magnified exposure to the U.S. mid-cap equity market, whose underlying constituents are 400 mid-sized U.S. companies that span sectors such as industrials, consumer discretionary, financials, health care, information technology, and materials, providing diversified exposure to the segment between the large-cap S&P 500 and the small-cap S&P 600. Rather than holding the underlying stocks directly, MVV invests in financial instruments — primarily total return swap agreements and S&P MidCap 400 index futures contracts — to obtain its 2x leveraged exposure. As a daily-objective leveraged fund, MVV is designed for short-term tactical use; over holding periods longer than a single day, returns can deviate substantially from twice the index performance because of daily compounding and volatility decay. The fund is listed on NYSE Arca and is widely used by traders seeking to express bullish, leveraged views on the U.S. mid-cap market without using margin.