MZZ Stock Summary and Trading Ideas (ProShares Ultrashort Midcap400 | ARCA:MZZ)

ProShares UltraShort MidCap400 seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index.

ProShares Ultrashort Midcap400 trades on the ARCA stock market under the symbol MZZ.

As of January 17, 2025, MZZ stock price declined to $9.06 with 502 million shares trading.

MZZ has a market cap of $1.25 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, MZZ traded as high as $22.73 and as low as $8.26.

MZZ has underperformed the market in the last year with a price return of -28.2% while the SPY ETF gained +28.0%. MZZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.3% and -5.2%, respectively, while the SPY returned +3.0% and +1.0%, respectively.

MZZ support price is $8.91 and resistance is $9.33 (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 MZZ shares will trade within this expected range on the day.