Name of ETF: ProShares UltraShort Australian Dollar
Ticker Symbol: CROC
Daily Target: -2x daily performance of the USD price of the AUD.
Underlying Currency: This ETF allows investors to take a leveraged position against the Australian dollar relative to the U.S. dollar. In the case of this ETF, the multiplier is -2x (-200%). The ETF is designed to go up if the U.S. dollar appreciates in value relative to the Australian dollar. If the US dollar depreciates in value relative to the Australian dollar, the ETF is designed to go up.
Related Links: