UJPYVelocityShares Daily 4x Long JPY vs USD ETN
UJPY Fund Description
UJPY provides 4x leveraged exposure, reset daily, to changes in spot exchange rate between the Japanese yen and the US dollar plus the overnight interest rate changes in the two currencies.
UJPY Factset Analytics Insight
UJPY is a short-term trading vehicle providing 4x leveraged exposure to the JPY/USD cross, rebalanced daily. The note’s returns may differ significantly from the performance of the yen against the dollar for any holding period longer than one day. Also, keep in mind that the note’s fixing indicative value is calculated just once a day, approximately 30 minutes before the opening trading session on NYSE Arca. Unexpected events or actions can occur outside of market trading hours. These events may cause rapid and dramatic depreciation in the value of UJPY, which you may not be able to sell. Because of the 4x leverage provided by this product, a decline of 25% or more in the yen vs the US dollar will result in 100% loss in UJPY. As an ETN, the product exposes traders to the credit risk of Citigroup Global Markets Holdings. Sales of UJPY shares are taxed at ordinary income rates, regardless of holding period.
UJPY Charts And Performance
UJPY Portfolio Data
UJPY Index Data
UJPY Fund Structure
UJPY Tax Exposures
UJPY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UJPY. UJPY is rated a 5 out of 5.