About ProShares UltraPro Short MidCap400 (SMDD)

The ProShares UltraPro Short MidCap400 (SMDD) is an exchange-traded fund (ETF) that is designed to provide a daily opposite (inverse) performance of 300% of the inverse of the daily performance of the S&P MidCap 400 Index. This means that when the S&P MidCap 400 Index goes down by 1%, SMDD is intended to go up by 3%. It is important to note that SMDD is a leveraged ETF, which means it seeks to achieve its investment objective on a daily basis, and its performance over longer periods of time may deviate from its objective. Investors should carefully consider their risk tolerance and investment goals before investing in SMDD.

As of the latest quote, the price of SMDD is $11.78. This price reflects the inverse of the daily performance of the S&P MidCap 400 Index, multiplied by 300%. Investors should keep in mind that the price of SMDD can fluctuate throughout the trading day, and it may not perfectly track the performance of the index due to factors such as trading costs and market volatility.