Top Mid Cap Stocks To Research - April 22nd

Key Points

• MarketBeat's screener flagged three mid-cap names with the highest recent dollar trading volume on April 22: ProShares UltraPro Short QQQ (SQQQ), Navitas Semiconductor (NVTS), and AXT (AXTI).
• SQQQ is a leveraged inverse ETF that seeks daily returns equal to three times the inverse of the NASDAQ-100, making it a bearish/hedging tool for investors wanting short exposure to the index.
• NVTS and AXTI are semiconductor-related plays: Navitas builds gallium nitride (GaN) power ICs for chargers, data centers, EVs and more, while AXT supplies semiconductor substrates used in photonics, 5G, lidar and high-speed optical applications.

ProShares UltraPro Short QQQ, Navitas Semiconductor, and AXT are the three Mid Cap stocks to watch today, according to MarketBeat's stock screener tool. Mid-cap stocks are shares of companies with a medium market capitalization — commonly defined in the U.S. as roughly $2 billion to $10 billion, though exact ranges vary by index and region. Investors view mid caps as offering a balance between the growth potential of small-cap firms and the relative stability of large-cap companies, making them a common choice for moderate-risk, diversified portfolios. These companies had the highest dollar trading volume of any Mid Cap stocks within the last several days.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

Read Our Latest Research Report on SQQQ

Navitas Semiconductor (NVTS)

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company's products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.

Read Our Latest Research Report on NVTS

AXT (AXTI)

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.

Read Our Latest Research Report on AXTI

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