Why isn't MWJ more popular? I think this is a great triple-leveraged ETF! MWJ is up 896% between February 8, 2011 and its close on March 9, 2009.
Yahoo's historical data misses some of the distributions for MWJ - the correct distributions are listed on the Direxion website. On March 9, 2009, MWJ closed at a value of $5.536172 after adjusting for distributions and the 3-for-1 split last year. On Febuary 8, 2011, MWJ closed at $55.17, a massive gain of 896%.
Wow, this ETF has more than doubled since I wrote the post above in February 2011. According to the daily closing values adjusted for distributions on Yahoo Finance, MIDU (MWJ was the old ticker) 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%!