Citigroup ETNs linked to the VelocityShares Daily 4X Long EUR vs. USD Index (UEUR)
Citigroup ETNs linked to the VelocityShares Daily 4X Long EUR vs. USD Index operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $17.59, up 0.95% on the session, giving a market capitalisation of $2.2M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment aims to replicate the daily performance of the VelocityShares Daily 4X Long EUR vs. USD Index. The index is structured to deliver four times the leveraged exposure, which is rebalanced each day, to fluctuations in the spot exchange rate between the Euro and the U.S. dollar. It grants a long position in the Euro (referred to as the "long currency") compared to the U.S. dollar (the "reference currency") within this specific currency pair. This fund operates without diversification.
Citigroup ETNs linked to the VelocityShares Daily 4X Long EUR vs. USD Index is most often compared with the following Financial Services names: