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Upturn AI SWOT - About
ProShares UltraPro Short MidCap400 (SMDD)
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Upturn Advisory Summary
08/14/2025: SMDD (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -21.73% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta -3.31 | 52 Weeks Range 13.40 - 31.62 | Updated Date 06/29/2025 |
52 Weeks Range 13.40 - 31.62 | Updated Date 06/29/2025 |
Upturn AI SWOT
ProShares UltraPro Short MidCap400
ETF Overview
Overview
ProShares UltraPro Short MidCap400 (SMDD) seeks daily investment results, before fees and expenses, that correspond to triple (3x) the inverse (opposite) of the daily performance of the S&P MidCap 400 Index. It uses leverage, making it a high-risk, short-term trading tool.
Reputation and Reliability
ProShares is a well-known issuer specializing in leveraged and inverse ETFs, generally considered reliable in delivering targeted exposure.
Management Expertise
ProShares has a dedicated team experienced in managing complex ETF products like leveraged and inverse funds.
Investment Objective
Goal
To seek daily investment results that correspond to three times the inverse of the daily performance of the S&P MidCap 400 Index.
Investment Approach and Strategy
Strategy: The ETF employs a leveraged inverse strategy, aiming to deliver three times the inverse daily return of the S&P MidCap 400 Index.
Composition The ETF's composition primarily involves derivatives and swap agreements designed to achieve the leveraged inverse exposure to the S&P MidCap 400.
Market Position
Market Share: SMDD's market share within the leveraged inverse mid-cap ETF space is moderate, given the niche and high-risk nature of the product.
Total Net Assets (AUM): 68770000
Competitors
Key Competitors
- SDS
- SH
- SPXU
- TWM
Competitive Landscape
The leveraged inverse ETF market is competitive with several providers offering similar products. SMDD's advantage lies in its 3x leverage, appealing to aggressive traders. A disadvantage is higher volatility and the potential for rapid value erosion due to compounding effects.
Financial Performance
Historical Performance: Historical performance is highly volatile and dependent on the daily movements of the S&P MidCap 400 Index. Long-term performance is generally poor due to the effects of compounding in leveraged instruments.
Benchmark Comparison: The ETF's performance aims to be -3x the daily performance of the S&P MidCap 400 Index, but due to compounding, longer-term performance may deviate significantly.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
The average daily trading volume for SMDD is moderate, indicating sufficient liquidity for most traders.
Bid-Ask Spread
The bid-ask spread can be relatively wide, especially during periods of high volatility, reflecting the inherent risks of leveraged ETFs.
Market Dynamics
Market Environment Factors
Economic indicators, interest rate changes, and overall market sentiment significantly impact SMDD's performance, as it is directly tied to the S&P MidCap 400 Index.
Growth Trajectory
Growth is highly dependent on the level of inverse correlation to the S&P MidCap 400. The strategy is not designed for long-term growth and is more suitable for short term speculations.
Moat and Competitive Advantages
Competitive Edge
SMDD's competitive edge is its provision of a highly leveraged short exposure to the mid-cap market. This allows sophisticated investors to implement specific short-term trading strategies. It offers a higher degree of leverage, which attracts traders looking for amplified returns. The ETF provides a convenient and liquid way to bet against the S&P MidCap 400.
Risk Analysis
Volatility
SMDD exhibits extremely high volatility due to its leveraged nature, making it unsuitable for risk-averse investors.
Market Risk
The ETF is highly susceptible to market risk, as adverse movements in the S&P MidCap 400 Index can result in significant losses, amplified by the 3x leverage.
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated trader with a high-risk tolerance, seeking short-term tactical opportunities to profit from anticipated declines in the mid-cap market.
Market Risk
SMDD is best suited for active traders employing short-term strategies and is not suitable for long-term investors or passive index followers.
Summary
ProShares UltraPro Short MidCap400 is a leveraged inverse ETF designed for sophisticated traders seeking short-term exposure to the inverse performance of the S&P MidCap 400 Index. Its high leverage amplifies both gains and losses, making it unsuitable for long-term investment. The fund is primarily used for tactical, short-term hedging or speculation. Due to compounding effects, its performance can deviate significantly from the benchmark over extended periods, making it imperative for investors to continuously monitor and manage their positions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares official website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. The information provided is based on available data and is subject to change. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares UltraPro Short MidCap400
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is designed to measure the performance of mid-cap companies listed and domiciled in the U.S. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
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