---
title: "ProShares UltraShort MidCap400 (MZZ) Enters Oversold Territory"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285433248.md"
description: "ProShares UltraShort MidCap400 ETF (MZZ) shares have entered oversold territory, trading as low as $6.145, with a Relative Strength Index (RSI) of 27.9. This indicates heavy selling may be exhausting, presenting potential buying opportunities. The 52-week range for MZZ is $6.145 to $10.5194, and shares are down about 3.8% for the day. In contrast, the S&P 500's RSI is at 77.7, suggesting a significant difference in market momentum."
datetime: "2026-05-06T20:30:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285433248.md)
  - [en](https://longbridge.com/en/news/285433248.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285433248.md)
---

# ProShares UltraShort MidCap400 (MZZ) Enters Oversold Territory

In trading on Wednesday, shares of the ProShares UltraShort MidCap400 ETF (Symbol: MZZ) entered into oversold territory, changing hands as low as $6.145 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of ProShares UltraShort MidCap400, the RSI reading has hit 27.9 — by comparison, the RSI reading for the S&P 500 is currently 77.7. A bullish investor could look at MZZ's 27.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), MZZ's low point in its 52 week range is $6.145 per share, with $10.5194 as the 52 week high point — that compares with a last trade of $6.15. ProShares UltraShort MidCap400 shares are currently trading down about 3.8% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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