ProShares UltraPro Short MidCap400 Price & Performance (SMDD)

Okta stock jumped nearly 6% on Tuesday after news broke that the cybersecurity company will join the S&P MidCap 400 index, replacing Berry Global. This move is expected to boost Okta’s profile among institutional investors, potentially increasing demand as index-tracking funds adjust their holdings.1

CAVA Group’s price target was trimmed to $120 by TD Cowen, reflecting a broader drop in fast-casual dining valuations. Despite a 37% six-month decline, analysts maintain a Buy rating, citing strong fundamentals and improved investor sentiment as the stock’s valuation becomes more attractive for potential upside.2

The ProShares UltraPro Short Dow30 ETF (SDOW) is under pressure, with a 52-week range of $42.97 to $75.95 and a current yield of nearly 7%. Analysts rate it poorly for momentum and risk, warning that timing this leveraged bearish fund remains challenging amid ongoing market swings.3