EUOProShares UltraShort Euro
EUO Fund Description
EUO provides a -200% exposure to the daily performance of the EUR spot price against the US dollar as measured by Bloomberg.
EUO Factset Analytics Insight
EUO provides inverse 2x daily exposure to the USD/EUR cross. Due to its daily rebalance, the effects of compounding and path dependency weigh in on the long-term returns of the fund, which means that investors holding the fund longer than a day may not attain -200% exposure. As a result, EUO may not be suitable for those looking for predictable, long-term returns. Also keep in mind that EUO references the EUR/USD cross rate as reported by Bloomberg at 4 pm ET.
EUO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EUO. EUO is rated a 5 out of 5.