About ProShares UltraShort MidCap400 (MZZ)

The ProShares UltraShort MidCap400 ETF (MZZ) is a leveraged inverse fund that seeks to provide investors with twice the inverse daily performance of the S&P MidCap 400 Index. This means that if the index decreases by 1% in a day, MZZ should increase by 2%. The fund accomplishes this through the use of various financial derivatives, such as swaps and futures contracts. MZZ is designed for investors who have a bearish outlook on mid-cap stocks and want to profit from their decline.

Investors should be aware that MZZ is a highly specialized and risky investment. As a leveraged inverse fund, it is designed for short-term trading and not for long-term holding. The fund's performance can deviate significantly from its stated objective over longer periods of time due to the effects of compounding and market volatility. It is also important to note that leveraged inverse funds are highly sensitive to changes in the underlying index, and their performance may not necessarily reflect the inverse of the index's performance over longer periods of time.