Citigroup ETNs linked to the VelocityShares Daily 4X Long GBP vs. USD Index (UGBP)
Citigroup ETNs linked to the VelocityShares Daily 4X Long GBP vs. USD Index operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $16.75, up 1.13% on the session, giving a market capitalisation of $1.5M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment product seeks to replicate the day-to-day fluctuations of the VelocityShares Daily 4X Long GBP vs. USD Index. This specific index is engineered to provide an amplified fourfold daily return or loss, with positions rebalanced each day, based on changes in the real-time exchange rate between a pair of currencies, typically a foreign currency and the U.S. dollar. For this particular fund, it takes a bullish stance on the British Pound (designated as the 'long currency') against the U.S. dollar (which serves as the 'reference currency'). It is important to note that this offering is non-diversified.
Citigroup ETNs linked to the VelocityShares Daily 4X Long GBP vs. USD Index is most often compared with the following Financial Services names: