Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. EUR Index (DEUR)
Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. EUR Index operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $28.33, down 0.92% on the session, giving a market capitalisation of $2.7M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment product seeks to mirror the daily performance of the VelocityShares Daily 4X Long USD vs. EUR Index. This index is engineered to deliver four-fold (4x) leveraged exposure, adjusted daily, to fluctuations in the immediate exchange rate between the U.S. dollar and a foreign currency. Specifically, it establishes a long position in one currency (designated as the "long currency") relative to the other currency (the "reference currency") within the underlying pair. The fund is non-diversified.
Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. EUR Index is most often compared with the following Financial Services names: