Long USD / Short EuroThe DXY has been super strong lately and lots of folks are wondering where the final target is.
One way to do this, is to view a leveraged currency ETF to try and identify patterns. The ETF leverage amplifies the movements you might otherwise of missed.
Classic Inverse Head & Shoulders on EUO. EU
Key stats
About ProShares UltraShort Euro
Home page
Inception date
Nov 25, 2008
Structure
Commodities Pool
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
ISIN
US74347W8828
EUO provides inverse 2x daily exposure to the USD/EUR cross. Due to its daily rebalance, the effects of compounding and path dependency weigh in on the long-term returns of the fund, which means that investors holding the fund longer than a day may not attain -200% exposure. As a result, EUO may not be suitable for those looking for predictable, long-term returns. Also keep in mind that EUO references the EUR/USD cross rate as reported by Bloomberg at 4 pm ET.
Related funds
Classification
Symbol
Geography
Eurozone
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EUO assets under management is 34.01 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EUO invests in cash. See more details in our Analysis section.
EUO expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, EUO is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, EUO doesn't pay dividends to its holders.
EUO shares are issued by ProShare Advisors LLC
EUO follows the USD/EUR Exchange Rate. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 25, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.