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TheStreet.com
Dec 10
Comment
Despite the decline in U.S. dollar, a surprising number of investors have been using ETFs to make bullish bets on the dollar this year.
Shocked Investor
Dec 3
Comment
Will the US Dollar continue to collapse or will it finally rise from the ashes? There are many ways to play this: gold, Brazil, stocks. Here, however, is a direct way, through the UUP and UDN ETFs. UDN can also be used in registered account that...
Charts and Coffee Blog
Nov 12
Comment
I figured I would provide a quick midday update. The market has broken down below the overnight range but it is too early to tell whether the downward action will continue or whether this is a little protrusion below support. Let’s look at the...
Charts and Coffee Blog
Nov 3
Comment
I’m continuing to follow the script I posted on Sunday. As I thought, it was a good idea to avoid directional bets yesterday and today. Yesterday turned out to be a whipsaw fest and you’ll see in the ES chart below today was a range bound day....
Charts and Coffee Blog
Nov 3
Comment
Even with the Burlington Northern (BNI) acquisition, the market is opening weak because the dollar is poised to breakout over its 50 day SMA (or, in the case of UDN, breakdown below the 50 day SMA). With FOMC tomorrow and the jobs number on...
Charts and Coffee Blog
Oct 30
Comment
As I mentioned earlier in the week, my trading plan is to take things slow and avoid the whipsaw. Experience has taught me not to get overexcited by every little wiggle and to make the market prove itself. This week is a great example of slowing...
Charts and Coffee Blog
Oct 28
Comment
I’ve noticed anecdotally that the big caps seem to be outperforming the small caps stocks. It shows up in the charts as well. IWM is sporting a double top and has already broken its 50-day. The dollar continues its rise (and UDN its...
Charts and Coffee Blog
Oct 27
Comment
UDN appears to have broken its trendline. Both a log and linear chart are provided below. Once UDN didn’t bounce this morning, I closed my position that I opened yesterday. I’m long right now anyway so I can do without the dollar exposure...
Charts and Coffee Blog
Oct 26
Comment
There is all sorts of panic right now. Bulls and bears alike are wondering if this is the “big turn.” But look at the clear resistance on UDN (short dollar ETF) at $28.50. I posted last week that I bailed out of my long UDN position at $28.46...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
TOP CONTRIBUTORS
PowerShares DB US Dollar Index Bearish Fund (UDN)
Overview
The PowerShares DB US Dollar Bearish Fund (Symbol: UDN) is based on the Deutsche Bank Short US Dollar Index (USDX®) Futures Index™ (DB Short USD Futures Index). The Index, which is managed by DB Commodity Services LLC, is a rules-based index composed solely of short USDX® futures contracts. The USDX® futures contract is designed to replicate the performance of being short the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. You cannot invest directly in an index. Ordinary brokerage commissions apply. [1]
Fund Information
- Fund Manager - Invesco PowerShares
- Inception Date - 02/20/2007
- Exchange – NYSE Arca
- Index Ticker – UDN
- Intra-day NAV Ticker – UDN.IV
- Expense Ratio - 0.50%
Top Holdings
| Holdings | % of Portfolio |
| Deutsche Bank Short US Dollar Index (USDX®) Futures Index | 100 |
Holdings as of 16/11/2009
Other Currency ETFs
References
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