Market Vectors Double Short Euro ETN (DRR)
Market Vectors Double Short Euro ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $65.00, down 2.99% on the session, giving a market capitalisation of $8.6M. Its beta of 7.00 implies it has historically moved more than the broad market.
This investment vehicle seeks to track the returns of the Double Short Euro Index, accounting for all associated costs. Due to its two-fold leverage, the index is designed to generally increase by 2% for every 1% decline in the euro's value relative to the U.S. dollar. Conversely, if the euro strengthens by 1% against the U.S. dollar, the index is typically expected to decrease by 2%.
Market Vectors Double Short Euro ETN is most often compared with the following Financial Services names: