DRR - Market Vectors Double Short Euro ETN

NYSEArca - NYSEArca Delayed Price. Currency in USD
73.42
0.00 (0.00%)
At close: 12:24PM EST
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Previous Close73.42
Open69.90
Bid66.60 x 1300
Ask76.00 x 800
Day's Range69.90 - 83.04
52 Week Range53.00 - 83.04
Volume45
Avg. Volume708
Net Assets9.72M
NAV70.41
PE Ratio (TTM)N/A
Yield0.00%
YTD Daily Total Return9.41%
Beta (5Y Monthly)8.62
Expense Ratio (net)0.65%
Inception Date2008-05-06
  • ETF Trends

    Alternative ETFs to Hedge Against Further Euro Weakness

    The battered euro currency has already dipped to its weakest level since 2017, and more traders are betting that it could weaken even further. Currency traders can consider bearish or inverse exchange traded funds to hedge against a further depreciation in the euro. The euro currency has declined 3.1% against the U.S. dollar to $1.0838 Thursday, and some are betting on more pain ahead.

  • ETF Trends

    Euro ETFs Are Vulnerable to Further Weakness

    Weighing on the euro currency, the Eurozone's deeply negative rates, expectations of further easing out of the European Central Bank, ongoing global trade war and relatively high-yield U.S. assets have all taken their toll, the Wall Street Journal reports. Salman Ahmed, chief investment strategist at Lombard Odier IM, warned of the possibility of the exchange rate reaching $1 to the euro, or parity, especially if Eurozone governments fail to raise spending to counteract the slowdown since the ECB has less room to ease. “The fact that the ECB can’t lower rates from here means they can’t support the economy,” Emiel van den Heiligenberg, head of asset allocation at Legal & General Investment Management, told the WSJ.

  • ETF Trends

    4 Inverse Euro ETFs to Capitalize on Further EU Currency Woes

    The euro currency and related exchange traded fund has been beaten down as the U.S. dollar strengthened and the pommeling doesn't seem like it will be ending any time soon. The Invesco C urrencyShares Euro Currency Trust (FXE) declined 3.1% year-to-date and plunged 9.3% over the past year, with the euro now trading at $1.115. The euro is currently trading at around a two-year low against the U.S. dollar after confidence among German businesses and French manufacturers fell in April, the Wall Street Journal reports.