EUOProShares UltraShort Euro
EUO Fund Description
The ProShares UltraShort Euro ETF attempts to provide a 2x inverse multiple to the daily performance of the euro spot price against the US dollar as measured by Reuters.
EUO Factset Analytics Insight
EUO provides -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 -2x exposure. As a result, EUO may not be suitable for those looking for predictable, long-term returns. Like many geared funds, EUO charges a high fee, but its asset base and strong daily trading volume show that the fund is a favorite among traders. Spreads are minimal, while its high block liquidity score is indicative of the ease of trading in size.
EUO CHARTS AND PERFORMANCE
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.