CROCProShares UltraShort Australian Dollar
CROC Fund Description
CROC uses futures contracts to provide (-2x) leveraged inverse exposure to the US dollar price of the Australian dollar.
CROC Factset Analytics Insight
For those traders wishing to make a short bet on the Aussie dollar, CROC offers -2x exposure to the USD/AUD cross. Although it may seem expensive at 102 bps, the fund isn’t designed to be a long-term investment; rather, CROC 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. Also note that CROC holds futures contracts, and as a result, releases a K-1 during tax time. With thin assets, it’s tough to call CROC an investor favorite. Its volume is also less than we’d like to see, while wide average bid/ask spreads make for a costly entry and exit.
CROC CHARTS AND PERFORMANCE
CROC Summary Data
CROC Portfolio Data
CROC Index Data
CROC Fund Structure
CROC Tax Exposures
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.