DAUDVelocityShares Daily 4x Long USD vs AUD ETN
DAUD Fund Description
DAUD provides daily 4x leveraged inverse exposure to the US dollar price of the Australian dollar.
DAUD Factset Analytics Insight
For traders looking to make a serious bet against the Australian dollar, DAUD ratchets up the leverage with -4x exposure to the USD/AUD spot rate. The expense ratio may appear steep, but leveraged ETPs such as this are designed as short-term trading tools, so liquidity and trading costs are of greater importance. Because the note resets its leverage daily, traders holding for longer than one day face the problems of path dependency and compounding—the note’s long-term performance is extremely difficult to predict.
DAUD CHARTS AND PERFORMANCE
DAUD Portfolio Data
DAUD Index Data
DAUD Fund Structure
DAUD Tax Exposures
DAUD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DAUD. DAUD is rated a 5 out of 5.