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UTDSX

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

Analysis and statistics

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  • 52 Week Change
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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About

UTDSX.US represents the UltraShort Daily USD Index ETF. This exchange-traded fund is designed to provide leveraged, daily exposure to the inverse performance of the U.S. Dollar Index (USDX). Specifically, it seeks daily investment results, before fees and expenses, that correspond to two times the inverse (opposite) of the daily performance of the USDX. Investors typically use UTDSX to hedge against a strengthening U.S. dollar or to speculate on the dollar's weakening relative to a basket of other major currencies. Due to its leveraged nature and daily reset, it is not intended for long-term holding.
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Factors

Treasury Yields: Higher yields typically decrease UTDSX.US value as existing bonds become less attractive.

Interest Rate Changes: Rate hikes lower bond prices; rate cuts increase them.

Credit Risk: Downgrades or increased default risk lower prices.

Inflation Expectations: Rising inflation erodes bond values; falling inflation boosts them.

Market Sentiment: Overall investor risk appetite affects demand and pricing.

Economic Growth: Stronger growth may lead to higher rates and lower prices.

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