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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 April 19, 2024, MVV stock price climbed to $59.00 with 13,787 million shares trading.
MVV has a beta of 2.27, meaning it tends to be more sensitive to market movements. MVV has a correlation of 0.69 to the broad based SPY ETF.
MVV has a market cap of $128.33 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 underperformed the market in the last year with a price return of +19.9% while the SPY ETF gained +21.2%. However, in the short term, MVV had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.7% vs +4.3% return in SPY. But in the last 2 weeks, MVV shares have been beat by the market, returning -8.7% compared to an SPY return of -3.5%.
MVV support price is $57.26 and resistance is $59.81 (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.