18-Mar-2024
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ProShares Ultra MidCap400 seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the S&P MidCap 400 Index.
ProShares Ultra Midcap400 trades on the ARCA stock market under the symbol MVV.
As of March 18, 2024, MVV stock price declined to $62.93 with 6,280 million shares trading.
MVV has a beta of 2.49, meaning it tends to be more sensitive to market movements. MVV has a correlation of 0.65 to the broad based SPY ETF.
MVV has a market cap of $140.02 million. This is considered a Micro Cap stock.
In the last 3 years, MVV stock traded as high as $75.18 and as low as $39.73.
MVV has outperformed the market in the last year with a price return of +38.5% while the SPY ETF gained +33.9%. MVV has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.3% and +0.5%, respectively, while the SPY returned +9.6% and +0.3%, respectively.
MVV support price is $62.23 and resistance is $64.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MVV stock will trade within this expected range on the day.