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ETF
ProShares Trust II - ProShares UltraShort Australian Dollar is an exchange traded fund launched by ProShare Capital Management LLC. The fund is co-managed by ProFund Advisors LLC and ProShare Advisors LLC. The fund invests in the currency markets. It takes short positions and uses derivatives such as futures contract to invest in Australian Dollar investing against the US Dollar. The fund seeks to track -2x the daily performance of the Australian dollar spot price versus the U.S. dollar. ProShares Trust II - ProShares UltraShort Australian Dollar was formed on July 17, 2012 and is domiciled in the United States.
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