PowerShares DB 3x Short US Dollar Index Futures ETN (UDNT)

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Fund Description

The investment seeks to replicate, net of expenses, three times the inverse (opposite) performance of the Deutsche Bank Long U.S. Dollar index (USDX) Futures index ER. The fund provides inverse leveraged exposure to a U.S. Dollar futures index. The index is intended to measure the performance of a long investment in US Dollar index futures. Its underlying assets are futures contracts traded on the ICE Futures U.S., Inc. whose underlying asset is the USDX, which measures the performance of the U.S. dollar against a weighted basket of six major world currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.

Fund Snapshot Updated 04.21.2014

Previous Close $17.50 Expense Ratio 0.95%
YTD Return 1.01% Avg. 30-Day Volume 11,935
1-Year Return 13.1% Market Cap Loading...
Bid $16.54 Shares Outstanding 100,000
Ask $18.05 Dividends $0.00

Best Fit Specialty: Currency Funds

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