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MFUL

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1m

Analysis and statistics

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About

MFUL.US represents the ticker symbol for the Micro Focus International PLC American Depositary Shares, each representing one ordinary share. Micro Focus is a British multinational software and information technology business that provides enterprise software products. These products cover areas like application modernization, application delivery management, IT operations management, and security, risk, and governance. Investors can trade MFUL.US on the U.S. stock market like any other U.S.-listed stock. Note that Micro Focus was acquired by OpenText in early 2023 and trading in MFUL.US has since been suspended.
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Factors

Underlying Index Performance: MFUL's price is driven by the performance of the underlying index it tracks. Positive index returns typically increase the ETF's price, while negative returns decrease it. Leverage Factor: As a leveraged ETF, MFUL's daily returns are multiplied (in this case, likely 2x or 3x). This magnifies both gains and losses compared to the non-leveraged index. Interest Rates & Funding Costs: Leveraged ETFs incur costs associated with borrowing funds to achieve the leveraged exposure. Higher interest rates and funding costs can negatively impact the ETF's price. Supply and Demand: General market sentiment and investor demand for the ETF shares can also influence its price, causing deviations from its calculated net asset value (NAV). Volatility: Higher market volatility can lead to increased trading costs and potential tracking errors, affecting the ETF's price. Also, high volatility can erode returns over time in leveraged ETFs.

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