ProShares UltraShort Australian Dollar (CROC)
ProShares UltraShort Australian Dollar operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $50.72, up 1.98% on the session, giving a market capitalisation of $2.5M. Its beta of -23.60 implies it has historically moved less than the broad market.
The fund's main objective is to establish bearish positioning relative to its target benchmark by utilizing futures agreements linked to the performance of its base currency. In circumstances where the market for a specific futures instrument experiences severe unforeseen events—such as natural disasters, terrorist attacks, or other force majeure scenarios—or significant operational impediments like trading suspensions or rapid market fluctuations, or when the Sponsor deems engaging with futures contracts impractical or unwise, the fund has the option to instead deploy forward contracts.
ProShares UltraShort Australian Dollar is most often compared with the following Financial Services names: