ProShares Short Euro (EUFX)
|Day's Range||48.30 - 48.76|
|Inception Date||Jun 26, 2012|
The fund obtains short exposures to its benchmark through futures contracts on its underlying currency. It may also invest in forward contracts if the market for a specific futures contract experiences emergencies (e.g., natural disaster, terrorist attack or an act of God) or disruptions (e.g., a trading halt or a flash crash) or in situations where the Sponsor deems it impractical or inadvisable to buy or sell futures contracts.
The battered euro currency has already dipped to its weakest level since 2017, and more traders are betting that it could weaken even further.