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UDN

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    18.6$
  • Previous Close
    18.5456$
  • 52 Week Change
    --
  • Day Range
    0.05$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

The ProShares UltraDown USD ETF (UDN.US) is an exchange-traded fund that seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the U.S. Dollar Index (USDX). In essence, it aims to provide twice the opposite return of the dollar index on a daily basis. This means if the USDX falls in value, UDN is designed to increase in value, and vice versa. It's important to note that due to the leveraged and inverse nature of the ETF, its performance over periods longer than one day can differ significantly from the target of -2x the USDX performance. It is primarily used as a short-term trading tool to express a bearish view on the U.S. dollar.

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Factors

UDN.US's price is driven by: US Dollar Index: Tracks the USD's value against a basket of currencies. Since UDN is inversely related, a rising dollar index usually means a falling UDN price, and vice versa.

Interest Rate Differentials: Changes in interest rates between the US and other major economies (Eurozone, Japan, UK, etc.) influence currency flows. Higher US rates may strengthen the dollar, lowering UDN.

Economic Data: US economic reports (GDP, employment, inflation) impact dollar strength. Strong data often boosts the dollar, decreasing UDN. Weaker data may weaken the dollar, increasing UDN.

Global Events: Geopolitical instability or major economic shifts in other countries can affect currency valuations and thus UDN's price.

Market Sentiment: Risk appetite influences currency demand. In risk-off environments, the dollar may strengthen as a safe haven, hurting UDN.

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