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Market Impact: 0.12
ProShares Ultra MidCap400 (MVV) Shares Cross Below 200 DMA
Source: Nasdaq
Market Technicals & Flows
ProShares Ultra MidCap400 ETF (MVV) fell below its 200-day moving average of $81.36, trading as low as $80.80 and down about 1.7% on Wednesday. The technical breakdown is a mildly bearish signal for the leveraged mid-cap ETF, but is unlikely to have broader market impact.
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Overall Sentiment
mildly negative
Sentiment Score
-0.20
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