Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. JPY Index (DJPY)
Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. JPY Index operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $19.37, down 0.69% on the session, giving a market capitalisation of $817,588. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment product endeavors to mirror the daily fluctuations of the VelocityShares Daily 4X Long USD vs. JPY Index. The underlying index is constructed to offer four times the daily leveraged exposure to shifts in the spot exchange rate between the U.S. dollar and the Japanese Yen, with this leverage recalibrated on a daily basis. Specifically, it provides bullish exposure to the U.S. dollar relative to the Japanese Yen. It operates as a non-diversified fund.
Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. JPY Index is most often compared with the following Financial Services names: