This said, the goal of UUP is to deliver performance equivalent to a long position in the U.S. Dollar versus a “basket” of currencies including the Euro itself.
UUP’s sister fund is PowerShares DB U.S. Dollar Index Bearish (NYSEArca: UDN) which intends to deliver the “inverse” performance of the index described above, and for those looking to use leverage to potentially magnify short term trades, PowerShares DB 3X Long US Dollar Index Futures ETN (NYSEArca: UUPT) and PowerShares DB 3X Short US Dollar Index Futures ETN (NYSEArca: UDNT) are potential candidates available.
PowerShares US Dollar Index Bullish
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected].