URR

Market Vectors-Double Long Euro ETN

URR Fund Description

The Market Vectors Double Long Euro ETN provides 2x leveraged exposure to an index that measures the price performance of the euro relative to the US dollar.

URR Factset Analytics Insight

URR competes with other funds such as ULE in providing 2x leveraged exposure to the euro against the US dollar. URR’s exposure is rebalanced on a daily basis. As a result, the note’s long-term returns are difficult to predict due to issues of path dependency and compounding. URR is structured as an ETN, and as a result, is directly exposed to the credit risk of its issuer—Morgan Stanley. The note has bigger problems however—it is tiny as measured by AUM. Worse for a tactical tool, it often goes days without a single trade. As a result, its long term viability is in doubt.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Bats BZX Real-time Quote - 19:51:53
Daily Spread
Premium/Discount
Volume

URR Factset Analytics Block Liquidity

As of 11/22/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of URR. URR is rated a 5 out of 5.

URR Summary Data

05/06/08
Exchange-Traded Note
0.65%
$1.54M
14.59%

URR Portfolio Data

0.00%
N/A

URR Index Data

Double Long Euro Index
Single Asset
Single Asset
N/A

URR Fund Structure

No
N/A
N/A
Morgan Stanley
Low
High
2
Daily

URR Tax Exposures

39.6%
--
No

URR Tradability

1,146
$27.4K
700
$18.93K
14.59%
-0.87%
15.28% / -12.33%
Potential
50,000
0.01
0.00%
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$18.39
5