Direxion Daily Mid Cap Bull 3X ETF Message Board

  • judge_smailes8 judge_smailes8 Nov 15, 2013 7:06 AM Flag

    Up nearly 2800% since market low in March 2009

    MIDU has been on fired lately. According to the daily closing values adjusted for distributions on Yahoo Finance, MIDU is up from an adjusted closing price of $2.66 on 3/9/2009 to a closing price of $76.97 on 11/14/13. That is a gain of nearly 2800%!

    It amazes me that MIDU doesn't have a larger following. There have to be some speculators who have held onto shares of MIDU for years and are up big.

    Sentiment: Strong Buy

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    • I think that Yahoo Finance's "adjusted close" data is inaccurate. I used the distribution data I found on the Direxion website and calculated the adjusted closing values with my own spreadsheet. I calculated that teh adjusting closing value was $3.93 on 3/9/09. So that works out to a distribution-adjusted total gain of about 1859% between 3/9/09 and 11/15/13. Still impressive, but not close to 2800%.

      Sentiment: Strong Buy

24.73+0.17(+0.69%)Jul 1 4:00 PMEDT