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.