Calls on the PowerShares DB Dollar Index Bear Fund (UDN) are actively traded. The ETF tracks the Short US Dollar Index and is intended to replicate being short the buck against the euro, yen, pound, Swiss franc, Canadian dollar, and Swedish Krona. Some investors seem to like the idea, as nearly 6,000 UDN March 25 calls have traded. Shares are up a dime to $26.80 and today.
Category: All ETFs
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.