CROCProShares UltraShort Australian Dollar
CROC Fund Description
CROC uses futures contracts to provide (-2x) leveraged exposure to the US dollar price of the Australian dollar (AUD).
CROC Factset Analytics Insight
CROC offers -2x exposure to the USD/AUD cross. The fund is a short-term trading vehicle that’s rebalanced daily. As a result, the fund’s long-term returns are difficult to predict due to issues of path dependency and compounding. Also, keep in mind that CROC references the USD/AUD cross as cited by Bloomberg at 4 pm ET — a value that may differ from other quoting sources. The fund holds futures contracts, and as a result, releases a K-1 during tax time.
CROC Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CROC. CROC is rated a 5 out of 5.