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UDN - the PowerShares DB US Dollar Index Bearish ETF

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Definition: UDN

Name: PowerShares DB US Dollar Index Bearish ETF

ETF Provider: ProShares

Asset Tracked: Deutsche Bank Short US Dollar Futures index

Category: Currency ETF, Inverse ETF

Description: UDN, the PowerShares DB US Dollar Index Bearish ETF is a currency ETF that tracks the performance of the Deutsche Bank Short US Dollar Futures index. Since UDN is an inverse ETF, it consists of short futures contracts designed to emulate the performance of being short the US Dollar against other currencies like the Japanese Yen, the Euro, the British Pound, the Canadian Dollar, the Swedish Krona and the Swiss Franc.

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    6. UDN - a Short Currency ETF PowerShares DB US Dollar Index Bearish ETF

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