ProShares UltraShort MidCap400 Price & Performance (MZZ)

ProShares UltraShort MidCap400 ETF experienced notable price swings today, trading between $11.73 and $12.04 with volume nearing its daily average. Technical analysis reveals a neutral overall sentiment, with bullish moving averages countered by bearish oscillator readings. This suggests investors remain cautious as short-term weakness competes with upward momentum.12

Recent fund flow data shows ProShares UltraShort MidCap400 saw net outflows across most order sizes, indicating cautious investor sentiment, even after hitting a 52-week high. Overbought conditions per RSI readings suggest potential for near-term corrections, highlighting the importance of monitoring volatility in this inverse mid-cap ETF.32

The UltraShort MidCap400 ETF has gained over 14% year-to-date, with a 1-year return above 11%. However, its longer-term track record remains negative, with a 5-year return of -32%. This underscores the ETF’s short-term trading appeal but also its risks for buy-and-hold investors.45