ProShares Short Euro (EUFX)
ProShares Short Euro operates in the Asset Management industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $48.53, up 0.15% on the session, giving a market capitalisation of $2.4M. Its beta of -5.82 implies it has historically moved less than the broad market.
The fund aims to provide inverse exposure to its benchmark, primarily by utilizing futures contracts based on the underlying currency. However, in cases where the market for specific futures contracts encounters severe disruptions—including natural disasters, terrorist attacks, "acts of God," or operational issues such as trading halts or flash crashes—the fund has the option to invest in forward contracts instead. This alternative may also be pursued if the Sponsor determines that engaging with futures contracts is impractical or ill-advised.
ProShares Short Euro is most often compared with the following Financial Services names: