Short MidCap400 ProShares (NYSEMKT:MYY)

CAPS Rating: 1 out of 5

Closed-end fund

Recs

0
Player Avatar TerryHogan (99.94) Submitted: 9/20/2012 12:00:02 AM : Underperform Start Price: $25.98 MYY Score: +50.50

Contractual waiver on the expense ratio is done at the end of September, that's when the underperformance of this dud will really start to sparkle. Expenses will go from 0.95% to 1.25% (or more maybe?). Plus, the mid-cap 400 is not something I want to bet against. Also this thing tries to match the inverse return daily, so with volatility over time this thing will not do well.

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