DRR - Market Vectors Double Short Euro ETN

NYSEArca - NYSEArca Delayed Price. Currency in USD
65.00
-0.11 (-0.17%)
At close: 11:26AM EST
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Previous Close65.11
Open66.60
Bid63.00 x 1300
Ask67.00 x 800
Day's Range65.00 - 65.00
52 Week Range50.70 - 79.00
Volume25
Avg. Volume633
Net Assets9.49M
NAV66.98
PE Ratio (TTM)N/A
Yield0.00%
YTD Daily Total Return3.52%
Beta (5Y Monthly)0.41
Expense Ratio (net)0.65%
Inception Date2008-05-06
  • 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.