Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index (DAUD)
Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $26.20, up 2.33% on the session, giving a market capitalisation of $1.0M. Its beta of 0.00 implies it has historically moved less than the broad market.
This financial product is designed to replicate the daily movements of the VelocityShares Daily 4X Long USD vs. AUD Index. The index itself is engineered to deliver a fourfold leveraged return, adjusted daily, based on fluctuations in the immediate exchange rate between the U.S. dollar and a foreign currency. It essentially establishes a "long" position in one currency (referred to as the "long currency") relative to its counterpart (the "reference currency") within the pair. Furthermore, this fund maintains a non-diversified asset allocation.
Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index is most often compared with the following Financial Services names: