CURRENCY ETF  $

 
 

See Also

 

Australian Dollar ETF

Brazilian Real ETF

British Pound ETF

Canadian Dollar ETF

Carry Trade ETF

Chinese Yuan ETF

Euro ETF

Indian Rupee ETF

Japanese Yen ETF

Mexican Peso ETF

New Zealand Dollar ETF

Russian Ruble ETF

South African Rand ETF

Swedish Krona ETF

Swiss Franc ETF

US Dollar ETF

Currency ETF List

Short Currency ETF

 

   

ProShares Double Euro ETF  Double Long Euro ETF

 

Double Long Euro ETF - ULE 

The Proshares Ultra Euro ETF (Symbol:ULE) is one of the few leveraged Euro currency ETF available that gives double long exposure to movements of the Euro against the US Dollar. The ULD 2x long Euro ETF seeks to replicate double (2x) the daily performance of the Euro in U.S. Dollar terms (EUR/USD cross rate), before fees and expenses, as published in The Wall Street Journal's Money & Investing currencies charts section every day at 4 PM EST.

 

It is important to note that the ULE double long Euro ETF seeks to replicate the daily movement in the Euro and not over an extended period of time. Because the ULE ETF invests in various financial instruments (currency futures contracts, forward currency contracts, and option contracts) and because of the need to roll these contracts periodically, actual performance compared to the change in the price of the Euro may not be identical to a 2x move. Also, because of the leveraged nature of the ULE ETF, some online stock brokers may impose higher margin requirements for this type of Euro Exchange Traded Fund.

 

The ProShares Ultra Euro Currency ETF (ULE) vital stats:

 

Symbol: ULE

Exchange: NYSE Arca

Options: Yes

Expense Ratio: 0.95%

Dividend Distribution: None

NAV or AUM: ~$8 Million as of 12/31/2010

CUSIP: 74347W874 

Inception Date: 11/24/2008

 

 

 

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