Citigroup ETNs linked to the VelocityShares Daily 4X Long CHF vs. USD Index (UCHF)
Citigroup ETNs linked to the VelocityShares Daily 4X Long CHF vs. USD Index operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $23.56, down 0.12% on the session, giving a market capitalisation of $1.6M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment aims to replicate the daily movements of the VelocityShares Daily 4X Long CHF vs. USD Index. The index itself is structured to offer four times the daily leveraged exposure to shifts in the immediate exchange rate between the U.S. dollar and the Swiss Franc, with this leverage resetting each day. It achieves this by establishing a long position in the Swiss Franc relative to the U.S. dollar, designed to benefit from the CHF's appreciation. This fund operates as a non-diversified entity.
Citigroup ETNs linked to the VelocityShares Daily 4X Long CHF vs. USD Index is most often compared with the following Financial Services names: